Mutual fund at the beginning of the year

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Reference no: EM13806748

You invested $10,000 in a mutual fund at the beginning of the year when the NAV was $32.24. At the end of the year the fund paid $0.24 in short-term distributions and $0.41 in long-term distributions. If the NAV of the fund at the end of the year was $35.23, what was your return for the year? (Give answer in percent form.)

Reference no: EM13806748

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