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An investor purchases a mutual fund for $48.50. The fund pays dividends of $1.50, distributes a capital gain of $2, and charges a fee of
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An investor purchases a mutual fund for $48.50. The fund pays dividends of $1.50, distributes a capital gain of $2, and charges a fee of $2 when the fund is sold one year later for $52.50. What is the net rate of return from this investment? (LG 17-5)
An investor purchases a mutual fund for $48.50. The fund pays dividends of $1.50, distributes a capital gain of $2, and charges a fee of $2 when the fund is sold one year later for $52.50. What is the net rate of return from this investment? (LG 17-5)
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