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Problem 7-22 You buy a mutual fund for $1,000. It annually distributes $60 for seven years, after which you sell the shares for $775. What

Problem 7-22 You buy a mutual fund for $1,000. It annually distributes $60 for seven years, after which you sell the shares for $775. What is the annualized return on your investment? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest whole number. %

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