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A Mutual Fund Had NAV Per Share of $23

question 52

Multiple Choice

A mutual fund had NAV per share of $23.00 on January 1, 2012.On December 31 of the same year the fund's NAV was $23.15.Income distributions were $0.63 and the fund had capital gain distributions of $1.26.Without considering taxes and transactions costs, what rate of return did an investor receive on the fund last year

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