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On January 1 , 2 0 1 6 , Charley Dow bought 1 , 0 0 0 shares of stock at $ 2 1 per

On January 1,2016, Charley Dow bought 1,000 shares of stock at $21 per share. On December 31,2018, he sold the stock for $27 per share.
What was his annual rate of return? (Use a Financial calculator to arrive at the answer. Round the final answer to 2 decimal places.)
Annual rate of return
%

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