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The value of a fund at the beginning of the year was $450,000 and at the end of the year was $800,000. Gross interest earned
The value of a fund at the beginning of the year was $450,000 and at the end of the year was $800,000. Gross interest earned was $55,000, against which there were investment expenses of $5000. Find the approximate net yield for the fund. (4 decimal accuracy)
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