A quarter cent rise (6)

I believe the answer is:

ascent

'rise' is the definition.
(I know that rise can be written as ascent)

'a quarter cent' is the wordplay.
'quarter' becomes 's'.
'a'+'s'+'cent'='ASCENT'

(Other definitions for ascent that I've seen before include "Hill" , "Uphill journey" , "advancement" , "A rise in status; climb" , "Upward movement" .)

I've seen this clue in The Globe and Mail.

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