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One year ago, you purchased 10 shares of a stock for $50 per share. Today, the price per share of that stock is $57. There

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One year ago, you purchased 10 shares of a stock for $50 per share. Today, the price per share of that stock is $57. There were no dividends paid during the past year. Calculate your annual rate of return on the stock investment. 14.0% 7.0% 12.3% 14.0% None of the above

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