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Question
One year ago, you purchased 421 shares of a mutual fund when both the offering price and the NAV were $10.80 a share. Today, the NAV is $10.64 after today's distribution of $1.48 per share in short-term gains. There is no long-term gain distribution. What is your rate of return?A. 10.99 percent
B. 12.04 percent
C. 12.22 percent
D. 14.29 percent
E. 14.41 percent
Answer
This answer is hidden. It contains 50 characters.
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