Compute the rate of return on his investment

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Reference no: EM131882888

7 years ago Dominic purchased 71 shares in a certain mutual fund at Net Asset Value of $87. He reinvested his dividends into the fund, and today he has 3.3% more shares than when he started. If the fund's NAV has increased by 32.2%, compute the rate of return on his investment if he sells his shares today.

Reference no: EM131882888

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