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What was the pretax rate of return to an investor

Problem:

Company ABC Fund started the year with a NAV of $12.50.

By the year-end, its NAV equals $12.10.

The fund paid year-end distribution of income and capital gains of $1.50.

What was the (pretax) rate of return to an investor in the fund?

Please explain as well as show mathematically.

Please support with two references.

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Accounting Basics: What was the pretax rate of return to an investor

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