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On January 1, 2016, Charley Dow bought 1,000 shares of stock at $11 per share. On December 31, 2018, he sold the stock for $17
On January 1, 2016, Charley Dow bought 1,000 shares of stock at $11 per share. On December 31, 2018, he sold the stock for $17 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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