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Pacifica Value fund is a closed-end- fund. Peter bought shares of this fund when the market price was $50, and NAV was $55. He held
Pacifica Value fund is a closed-end- fund. Peter bought shares of this fund when the market price was $50, and NAV was $55. He held the shares of the fund for exactly one year and received dividend of $2 and then sold the shares. At the point of sale NAV was $57 and market price was $55. What was the holding period return (HPR) that Peter realized?
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