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Michele purchased 1 0 0 units of an Equity Mutual Fund 3 years ago for $ 4 0 per unit. During the three years she

Michele purchased 100 units of an Equity Mutual Fund 3 years ago for $40 per unit. During the three years she received $3 per share in dividend distributions, $2 per share in capital gain distributions, and capital gains of $100 when she sold the fund at the end of three year period.
What is the return over the holding period? Show your calculations. (4 marks)

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