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9 years ago, Clarissa purchased shares in a certain mutual fund at NAV of $88. She reinvested her dividend into the fund and later today
9 years ago, Clarissa purchased shares in a certain mutual fund at NAV of $88. She reinvested her dividend into the fund and later today she has 7.4% more shares then when she started. if the fund's NAV has increased by 29.4% since her purchase, compute the rate of return on her investment if she sold her shares today.
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