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Corporate fund started the year with a net asset value of

Question: Corporate Fund started the year with a net asset value of $16.50. By year-end, its NAV equaled $14.10. The fund paid year-end distributions of income and capital gains of $4.00.

What was the rate of return to an investor in the fund? (Round your answer to 2 decimal places.)

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Finance Basics: Corporate fund started the year with a net asset value of

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Finance Basics: Corporate fund started the year with a net asset value of

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