You bought a stock for $28.29 that paid the following dividends: Year 1…

You bought a stock for $28.29 that paid the following dividends: Year 1…

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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