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An investor purchases a mutual fund for $$ 60$. The fund pays dividends of $$ 1.20$, distributes a capital gain of $$ 3$, and charges
An investor purchases a mutual fund for $\$ 60$. The fund pays dividends of $\$ 1.20$, distributes a capital gain of $\$ 3$, and charges a fee of $\$ 3$ when the fund is sold one year later for $\$ 61.80$. What is the net rate of return from this investment? (Enter your answer to the nearest whole number.)
Rate of return
_____%
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New Issues In Financial Institutions Management
Authors: F Fiordelisi, P Molyneux, D Previati
2010th Edition
0230278108, 978-0230278103
