Question
Corporate Fund started the year with a net asset value of $14.80. By year-end, its NAV equaled $14.20. The fund paid year-end distributions of income
Corporate Fund started the year with a net asset value of $14.80. By year-end, its NAV equaled $14.20. The fund paid year-end distributions of income and capital gains of $1.30. What was the (pretax) rate of return to an investor in the fund? (Round your answer to 2 decimal places.)
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
7th edition
978-0133856507, 013385650X, 133856437, 978-0133856439
