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The value of a fund at the beginning of the year was $ 4 0 0 , 0 0 0 and at the end of

The value of a fund at the beginning of the year was $400,000 and at the end of the year was $800,000. Gross interest earned was $40,000, against which there were investment expenses of $5000. Find the approximate net yield for the fund. (4 decimal accuracy)

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