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One share of Harris, Andrews, and Tatum (HAT) Enterprises was purchased 5 years ago for $10.89. Dividends of 50 were paid each quarter over the

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One share of Harris, Andrews, and Tatum (HAT) Enterprises was purchased 5 years ago for $10.89. Dividends of 50 were paid each quarter over the 5-year period of ownership. The share is sold today for $18.31. Determine the effective rate of return on the stock

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