An investor purchases a mutual fund for $ 50. The fund pays dividends of $ 1.50, distributes

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An investor purchases a mutual fund for $ 50. The fund pays dividends of $ 1.50, distributes a capital gain of $ 2, and charges a fee of $ 2 when the fund is sold one year later for $ 52.50. What is the net rate of return from this investment?

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Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

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