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Question
At the beginning of the year, you invested $4,000 in a no-load mutual fund with a NAV of $20.00. At the end of the year, the fund distributed $1.06 in short-term earnings and $3.10 in long-term earnings. The end of year NAV was $19.42. What was your annual rate of return on this investment?A. -5.90 percent
B. -1.86 percent
C. 11.80 percent
D. 15.36 percent
E. 17.90 percent
Answer
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Related questions
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