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You invested $65,000 in a mutual fund at the beginning of the year when the NAV was $80.19. At the end of the year the

You invested $65,000 in a mutual fund at the beginning of the year when the NAV was $80.19. At the end of the year the fund paid $.35 in short-term distributions and $.52 in long-term distributions. If the NAV of the fund at the end of the year was $77.48, what was your return for the year?

Return for the year %

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