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You invested $45,000 in a mutual fund at the beginning of the year when the NAV was $47.81. At the end of the year, the
You invested $45,000 in a mutual fund at the beginning of the year when the NAV was $47.81. At the end of the year, the fund paid $.31 in short-term distributions and $.48 in long-term distributions. If the NAV of the fund at the end of the year was $50.26, what was your return for the year?
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