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Part 1

Zap Fund is the mainstay of your portfolio. The investment company just announced its year-end distributions. The long-term capital gain per share is

$2.77,

and the dividend per share is

$1.14.

Assuming the NAV increased from

$26.94

to

$30.73

during the year, calculate your total annual return.

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Part 1

Assuming the NAV increased from

$26.94

to

$30.73

during the year, your total annual return would be

enter your response here%.

(Round to two decimal places.)