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Tom purchased 100 shares of Dalia Co. stock at a price of $124.83 four months ago. He sold all stocks today for $127.48. During the

Tom purchased 100 shares of Dalia Co. stock at a price of $124.83 four months ago. He sold all stocks today for $127.48. During the year the stock paid dividends of $5.89 per share. What is Tom's effective annual rate?

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