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On January 1st, Fred purchases 100 shares of BHP for $40 per sharea $4,000 investment. During the year he received a total cash dividend of

On January 1st, Fred purchases 100 shares of BHP for $40 per sharea $4,000 investment. During the year he received a total cash dividend of $300, and at the end of the year (December 31st) his shares were valued at $4,250.

Calculate the percentage rate of return on his investment

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