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Mary purchased 100 shares of Sweet Pea Co. stock at a price of $47.86 six months ago. She sold all stocks today for $42.60. During

Mary purchased 100 shares of Sweet Pea Co. stock at a price of $47.86 six months ago. She sold all stocks today for $42.60. During that period the stock paid dividends of $2.60 per share. What is Mary's effective annual rate?

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