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Explain how you calculate The Profitability Fund had NAV per share of $23.53 on January 1,2009. On December 31 of the same year the fund's
Explain how you calculate
The Profitability Fund had NAV per share of $23.53 on January 1,2009. On December 31 of the same year the fund's NAV was $26.15. Income distributions were $1.68 and the fund had capital gain distributions of $0.59. Without considering taxes and transactions costs, what rate of return did an investor receive on the Profitability fund last yearStep by Step Solution
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