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You bought a stock for $28.29 that paid the following dividends Year 1 2 3 Dividend $1.00 $1.50 $1.80 After the third year, you sold

You bought a stock for $28.29 that paid the following dividends

Year

1

2

3

Dividend

$1.00

$1.50

$1.80

After the third year, you sold the stock for $35. What was the annual rate of return?

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