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Can someone differentiate between open-end and closed-end mutual funds. Now if someone bought a mutual fund that had a beginning NAV of $10 per share.

Can someone differentiate between open-end and closed-end mutual funds.

Now if someone bought a mutual fund that had a beginning NAV of $10 per share. It paid dividends of $0.50 and distributed capital gains of $0.75. After one year, the ending NAV is $9.50.What isthe total return? Can someone show me the steps in this.

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