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9 years ago Mary purchased shares in a certain mutual fund at Net Asset Value ( NAV ) of $ 9 6 . She reinvested

9 years ago Mary purchased shares in a certain mutual fund at Net Asset
Value (NAV) of $96. She reinvested her dividends into the fund, and today
she has 7.7% more shares than when she started. If the fund's NAV has
increased by 39.5% since her purchase, compute the rate of return on her
investment if she sells her shares today.
Round your answer to the nearest tenth of a percent.
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