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If a fund has an initial NAV of $23 at the start of the month and a new NAV at the end of the month
If a fund has an initial NAV of $23 at the start of the month and a new NAV at the end of the month of $24.25, along with income distributions of $0.18 and capital gains distributions of $0.07, what is its rate of return? What would the rate of return be if the NAV declined to $22.99?
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