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One year ago you purchased 1000 shares of PNP common stock for $42.50 per share. Today your received a dividend of $1.50 per share and

One year ago you purchased 1000 shares of PNP common stock for $42.50 per share. Today your received a dividend of $1.50 per share and sold the stock for $46.00 per share. What average annual rate of return did you earn?

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