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Tom purchased 100 shares of Dalia Co. stock at a price of $123.61 four months ago. He sold all stocks today for $124.41. During the

Tom purchased 100 shares of Dalia Co. stock at a price of $123.61 four months ago. He sold all stocks today for $124.41. During the year the stock paid dividends of $7.74 per share. What is Tom's effective annual rate?

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