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An investor purchases a mutual fund for $40. The fund pays dividends of $1.10, distributes a capital gain of $2, and charges a fee of

An investor purchases a mutual fund for $40. The fund pays dividends of $1.10, distributes a capital gain of $2, and charges a fee of $2 when the fund is sold one year later for $44.90. What is the net rate of return from this investment?

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