During the last four years Howard received dividends of $2.50, $3.25, $2.75, and $3.00 from a stock he owned. He bought the stock for $42.50 and sold it four years later for $51.45.
What was his average annual return on his investment?
The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.