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An environmentally-friendly balanced mutual fund began the year with a net asset value (NAV) of $12.25 per share. During the year, it received $1.00 of dividend and interest income, $0.25 in realized capital gains, and $0.50 in unrealized capital gains. Ninety percent of the income and all of the realized capital gain were distributed to shareholders. Calculate the year-end NAV.
Mirage Effect
An optical phenomenon where light rays are bent to produce a displaced image of distant objects or the sky, often seen on hot surfaces.
Long-Term Memory
A type of memory responsible for the storage of information over extended periods, potentially as long as a lifetime.
Short-Term Memory
The capacity for holding a small amount of information in the mind in an active, readily available state for a short period.
Primary Memory
Also known as short-term memory, it refers to the ability to hold a small amount of information in a conscious, easily accessible state for a short duration.
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