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Twenty months ago, you purchased 250 shares of a stock for $28 a share. You received $0.67 in dividends. Today, you sold those shares for

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Twenty months ago, you purchased 250 shares of a stock for $28 a share. You received $0.67 in dividends. Today, you sold those shares for $32.60 a share. What was your annualized rate of return on this investment? Answer as a percentage and round to the nearest basis point. (Example 4.25)

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