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The Corporate Fund began the year with a net asset value of $12.50. At the end of the year, its NAV was $12.10. The fund

The Corporate Fund began the year with a net asset value of $12.50. At the end of the year, its NAV was $12.10. The fund paid year-end distributions of income and capital gains of $1.50. What is the rate of return for an investor in the fund?

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