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John purchased 100 shares of Cold Drink Co. stock at a price of $70.22 four years ago. He sold all stocks today for $78.85. During

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John purchased 100 shares of Cold Drink Co. stock at a price of $70.22 four years ago. He sold all stocks today for $78.85. During that period the stock paid dividends of $3.91 per share. What is John's effective annual rate (compound annual return)? Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box) Your

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