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An investor purchases a mutual fund for $80. The fund pays dividends of $2.40, distributes a capital gain of $6, and charges a fee of

An investor purchases a mutual fund for $80. The fund pays dividends of $2.40, distributes a capital gain of $6, and charges a fee of $6 when the fund is sold one year later for $81.60. What is the net rate of return from this investment?

Rate of return

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