Mutual fund at the beginning of the year

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Reference no: EM13910816

You invested $75,000 in a mutual fund at the beginning of the year when the NAV was $47.24. At the end of the year the fund paid $.37 in short-term distributions and $.54 in long-term distributions. If the NAV of the fund at the end of the year was $53.66, what was your return for the year?

Reference no: EM13910816

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