The $$$ mutual fund had a portfolio validate 652million, 2 million in liabilities , and 30 million shares outstanding at the start of the year. At year end, the funds portfolio value increased by 2million. In addition, over this 12 month period the fund paid an ordinary dividend and a capital gain distribution of 70 cents per share. you have a client with 20,000 to invest in this mutual fund

1. what would be the 1-year rate of return for this investor int $$$ fund?