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You buy shares of Microsoft (MSFT) for $34.46 per share. Ninety days later you receive a $0.30 dividend and sell your shares for $36.64. Assume

You buy shares of Microsoft (MSFT) for $34.46 per share. Ninety days later you receive a $0.30 dividend and sell your shares for $36.64. Assume a 365-day year. What is your annualized (compound) effective annual return?

	A.	28.79%
	B.	29.19%
	C.	32.56%
	D.	38.22%

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