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3. You purchased 500 shares of The New Century Fund at NAV of $23.56 last year. The fund distributed $4.35 in dividends at the end

3. You purchased 500 shares of The New Century Fund at NAV of $23.56 last year. The fund distributed $4.35 in dividends at the end of the year and the current NAV is $21.78. What is the adjusted closing price of your purchase?

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