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You invest $25,000 into a mutual fund that has a no front load. During the year the fund paid distributed (paid out) a dividend of
You invest $25,000 into a mutual fund that has a no front load. During the year the fund paid distributed (paid out) a dividend of $850 and a capital gain of $1,105. A 12b-1 fee of $50 was charged during the year. The fund was sold at the end of the year for $26,300. What was your net profit or loss from this investment? What was your return on investment?
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