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An investor buys shares in a mutual fund for $21. At the end of the year the fund distributes a dividend of $0.63, and after
An investor buys shares in a mutual fund for $21. At the end of the year the fund distributes a dividend of $0.63, and after the distribution the net asset value of a share is $24.82. What is the investor's percentage return on the investment? Round your answer to two decimal places.
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