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Tom purchased 100 shares of Dalia Co. stock at a price of $122.85 four months ago. He sold all stocks today for $125.46. During the

Tom purchased 100 shares of Dalia Co. stock at a price of $122.85 four months ago. He sold all stocks today for $125.46. During the year the stock paid dividends of $7.67 per share. What is Toms effective annual rate?

Round the answers to two decimal places in percentage form.

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