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On January 1, 2018, Mr. Fritz bought 100 shares of Torn Tread Tire Company for $10 per share. On January 1, 2021, he sold the

On January 1, 2018, Mr. Fritz bought 100 shares of Torn Tread Tire Company for $10 per share. On January 1, 2021, he sold the stock for $15 per share. His shares did not pay dividends during this period. What was his annual rate of return?

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