Tom purchased 100 shares of Dalia Co. stock at a price of $127.67 four months ago. He
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Question:
Tom purchased 100 shares of Dalia Co. stock at a price of $127.67 four months ago. He sold all stocks today for $126.53. During the year the stock paid dividends of $7.85 per share. What is Tom's effective annual rate?
Round the answers to two decimal places in percentage form.
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