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John purchased 100 shares of SoftDrink Co. stock at a price of $70.48 three months ago. He sold all stocks today for $71.28. During that

John purchased 100 shares of SoftDrink Co. stock at a price of $70.48 three months ago. He sold all stocks today for $71.28. During that period the stock paid dividends of $3.59 per share. What is Johns effective annual rate?

Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box)

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Answer	units

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