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Problem 17-03 An investor buys shares in a mutual fund for $22. At the end of the year the fund distributes a dividend of $0.56,

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Problem 17-03 An investor buys shares in a mutual fund for $22. At the end of the year the fund distributes a dividend of $0.56, and after the distribution the net asset value of a share is $24.65. What is the investor's percentage return on the investment? Round your answer to two decimal places. %

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