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Suppose someone invested $ 1 5 , 0 0 0 in the stock market at the beginning of the year, and it rose to $

Suppose someone invested

15, 000

in the stock market at the beginning of the

year, and it rose to

16, 500

by the end of the year. In

addition, suppose a

2 %

dividend was paid on it

.

What was the total annual return on the

investment?

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