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On June 30,2020 , an investor invested $40,000 into a growth and income mutual fund. This investment paid an annual dividend of $1,100. The investor

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On June 30,2020 , an investor invested $40,000 into a growth and income mutual fund. This investment paid an annual dividend of $1,100. The investor decided to sell this investment on July 1,2022 . The proceeds from the sale of this investment were $52,350. What was this investor's total rate of return on this investment

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