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An investor purchases a mutual fund for $60. The fund pays dividends of $.50, distributes a capital gain of $2, and charges a fee of

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An investor purchases a mutual fund for $60. The fund pays dividends of $.50, distributes a capital gain of $2, and charges a fee of $2 when the fund is sold one year later for $68.50. 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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