A year ago, Phyllis Peterson purchased 100 shares of Fidelity's Contra fund for $25 each. During the year, her total return from dividends was $1 per share, and there were no capital gains distributions. At the end of the year, the shares were worth $30 each. What was Phyllis' RATE (percentage) of return? Begin by calculating her total return.

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Phyllis total return consists of two parts the return from dividends and t... View the full answer