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An investor purchases a mutual fund share for $100. The fund pays dividends of $1, distributes a capital gain of $3, and charges a fee
An investor purchases a mutual fund share for $100. The fund pays dividends of $1, distributes a capital gain of $3, and charges a fee of $1 when the fund is sold one year later for $113. What is the net rate of return from this investment? (Round your answer to the nearest whole number.) Rate of return
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