What was the rate of return on the fund for the year

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Reference no: EM131334165

A no-load mutual fund starts the year with $327 million in net assets and 23 million shares outstanding. It ends the year with $349 million in net assets, and 29 million shares outstanding. The fund made dividend distributions of $1.5 per share and capital gains distributions of $1.2 per share during the year. What was the rate of return on the fund for the year?

Reference no: EM131334165

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