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A mutual fund had NAV per share of $14.25 at the beginning of 2015. At the end of 2015, the fund's NAV was $14.87. Income
A mutual fund had NAV per share of $14.25 at the beginning of 2015. At the end of 2015, the fund's NAV was $14.87. Income distributions were $1.59 and the fund had capital gain distributions of $2.36. Without considering taxes and transactions costs, what rate of return did an investor receive on the fund in 2015?
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