At the beginning of the year, the Saturn Fund's NAV was $ 18.50. At the end of

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At the beginning of the year, the Saturn Fund's NAV was $ 18.50. At the end of the year its NAV was $16.90. At year-end the fund paid out $1.25 in income and capital gains. What was the return to an investor in the Saturn Fund during the year?

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Fundamentals of Investments

ISBN: 978-0132926171

3rd edition

Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey

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Question Posted: Mar 16, 2016 03:01 AM

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At the beginning of the year, the Saturn Fund's NAV was $ 18.50. At the end of

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Fundamentals of Investments

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