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Assume that you purchased shares of High Flying mutual fund at a net asset value of $12.50 per share. During the year you received dividend
Assume that you purchased shares of High Flying mutual fund at a net asset value of $12.50 per share. During the year you received dividend income distributions of $0.78 per share and capital gains distributions of $1.67 per share. At the end of the year the shares had a net asset value of $13.87 per share. What was your rate of return on this investment?
Group of answer choices
29.43%
30.56%
31.19%
32.44%
29.18%
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