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Use the commission schedule from Company A shown in the table to find the annual rate of interest earned on the investment. An investor purchases
Use the commission schedule from Company A shown in the table to find the annual rate of interest earned on the investment. An investor purchases 405 shares at $10.51 a share, holds the stock for 47 weeks, and then sells the stock for $16.39 a share. The annual rate is % (Round to five decimal places.)
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