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You buy a mutual fund for $ 1 , 0 0 0 . It annually distributes $ 5 0 for seven years, after which you

You buy a mutual fund for $

1, 000 .

It annually distributes $

50

for seven years, after which you sell the shares for $

925 .

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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