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Corporate Fund started the year with a net asset value of $ 1 3 . 0 0 . By year - end, its NAV equaled

Corporate Fund started the year with a net asset value of $13.00. By year-end, its NAV equaled $12.60. The fund paid year-end distributions of income and capital gains of $1,20.
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What was the rate of return to an investor in the fund? (Round your answer to 2 decimal places.)
Rate of return TWIM %
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