What was the rate of return to an investor in the, Financial Management

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What was the rate of return to an investor in the

Corporate Fund started the year with a net asset value of $16.10. By year-end, its NAV equaled $13.90. The fund paid year-end distributions of income and capital gains of $3.40.

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

Rate of return

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