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An investor purchases a mutual fund share for $100.2. The fund pays dividends of $2.5, distributes a capital gain of $2.7, and charges a fee
An investor purchases a mutual fund share for $100.2. The fund pays dividends of $2.5, distributes a capital gain of $2.7, and charges a fee of $5 when the fund is sold one year later for $93.3. What is the net rate of return from this investment? (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))
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