Question: You bought 100 shares of an open end mutual fund one
You bought 100 shares of an open-end mutual fund one year ago at $10 a share. You received a $0.50 per share distribution six months ago when the fund's NAV was $12.50 a share. If the fund's NAV at the end of the year was $12 a share, calculate your rate of return on the fund for the year.
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