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Points) 4. Peter had 700 shares of High Fund on January 1. Each share had a price of $ 2 5 .35. During the year

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4. Peter had 700 shares of High Fund on January 1. Each share had a price of $25.35. During the year he received $172 in dividends and $868 in capital gains distributions. Peter used the funds to purchase new shares at an average price of $26 per share. By the end of the year the shares went up to $29.85 per share. What is hispercentage rate of return?

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