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You purchased a stock $100 and sold it after 3 months for $106. You did not receive any dividends. Your effective annual rate is A.

You purchased a stock $100 and sold it after 3 months for $106. You did not receive any dividends. Your effective annual rate is A. 26.25% B. 26.58% C. 27.24% D. 27.78% E. 6.00%

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