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Business, 14.04.2020 23:38 pradojosselinep34b1k

Corporate Fund started the year with a net asset value of $14.50. By year-end, its NAV equaled $14.00. The fund paid year-end distributions of income and capital gains of $1.00. What was the (pretax) rate of return to an investor in the fund? (Round your answer to 2 decimal places.)

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Corporate Fund started the year with a net asset value of $14.50. By year-end, its NAV equaled $14.0...
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