Mary purchased 100 shares of Sweet Pea Co. stock at a price of $45.77 six months ago.
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Question:
Mary purchased 100 shares of Sweet Pea Co. stock at a price of $45.77 six months ago. She sold all stocks today for $43.75. During that period the stock paid dividends of $1.11 per share. What is Marys effective annual rate?
Round the answers to two decimal places in percentage form.
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