An investor buys an ETF that tracks the performance of the S&P 500 Index at $351.50 per share, the closing price on December 30, 2022. At the end of 2023, the price of this ETF is $432.50 per share. The investor received $6.25 in dividends during this one-year holding period. What is the total rate of return on this ETF investment? (Show your work and answer rounded to two places to the right of the decimal point, e.g. xx.xx%.) Rate of Return =