An investor purchases a mutual fund share for $100. The fund pays dividends of $3, distributes a

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An investor purchases a mutual fund share for $100. The fund pays dividends of $3, distributes a capital gain of $4, and charges a fee of

$2 when the fund is sold one year later for $105. What is the net rate of return from this investment? (LG 17-5)

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Financial Markets And Institutions

ISBN: 9781259919718

7th Edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jul 25, 2024 08:06 AM

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An investor purchases a mutual fund share for $100. The fund pays dividends of $3, distributes a

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Financial Markets And Institutions

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