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Mr. Dow bought 100 shares of stock at $28 per share. Three years later, he sold the stock for $34 per share. What is his

Mr. Dow bought 100 shares of stock at $28 per share. Three years later, he sold the stock for $34 per share.

What is his annual rate of return? Use Appendix B for an approximate answer, but calculate your final answer using the financial calculator method. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

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