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You purchased 500 shares of stock six years ago at $21.25 and incurred brokerage fees of $345.You received annual dividends of 27 cents per share.You

You purchased 500 shares of stock six years ago at $21.25 and incurred brokerage fees of $345.You received annual dividends of 27 cents per share.You just sold the stock for $54 and incurred brokerage fees totaling $518, immediately after receiving the sixth annual dividend.Calculate your rate of return.

18.64%

16.80%

16.70%

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