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John Stone had 500 shares of HQ Fund on January 1. Each share had a value of $56.35. During the year he received $859 in
John Stone had 500 shares of HQ Fund on January 1. Each share had a value of $56.35. During the year he received $859 in dividends and $316 in capital gains distributions. John used the funds to purchase new shares at an average price of $47 per share. By the end of the year the shares went up to $89.85 per share. What is his percentage rate of return?
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