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An investor buys 500 shares of a mutual fund that had an NAV of $11.75 per share last year. Over the past year the fund
An investor buys 500 shares of a mutual fund that had an NAV of $11.75 per share last year. Over the past year the fund paid dividends of $0.25 per share and had a capital gains distribution of $1.35 per share. Compute the one year return from this investment if the current NAV of this mutual fund is $10.18.
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