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An investor purchases a mutual fund share for $100. The fund pays dividends of $7, distributes a capital gain of $8, and charges a fee

An investor purchases a mutual fund share for $100. The fund pays dividends of $7, distributes a capital gain of $8, and charges a fee of $6 when the fund is sold one year later for $101. What is the net rate of return from this investment? Show Work.

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