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Joel purchased 100 shares of stock for $12 per share. During the year, he received divided checks amounting $96. Joel recently sold the stock for

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Joel purchased 100 shares of stock for $12 per share. During the year, he received divided checks amounting $96. Joel recently sold the stock for $19 per share. What was Joel's return on the stock? Joel's return on the stock was % (Enter as a percentage and round to two decimal places.)

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