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Rafael purchased 1 0 0 shares of corporate stock 7 years ago for $ 3 2 a share plus brokerage fees totaling $ 9 0

Rafael purchased 100 shares of corporate stock 7 years ago for $32 a share plus brokerage fees totaling $90. He received quarterly dividends of 40 cents per share. Nathan just sold the stock, immediately after receiving the 28th quarterly dividend, for $41.42 per share less brokerage fees totaling $125. Calculate Rafael's rate of return.

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