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Calculate the holding period return

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Reference no: EM131515956

An individual invests $6,000 in a load mutual fund with a net asset value (NAV) of $18 and an offering price of $20. During the year, this investor receives a capital gain distribution of $1.20 per share and a dividend of $0.60 per share and sells the shares at a NAV of $22. Calculate the holding period return.

Reference no: EM131515956

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