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7. An individual invests $6,000 in a loaded fund with a NAV of $32 and an offering price of $34 a share. After one year,
7. An individual invests $6,000 in a loaded fund with a NAV of $32 and an offering price of $34 a share. After one year, this investor has received $0.85 per share in dividends and sells the shares at a NAV of $36. Calculate the holding period return.
____
A) 5.56%
B) 8.38%
C) 12.50%
D) 15.16%
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