An investor purchases a mutual fund share for $ 100. The fund pays dividends of $ 3,

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An investor purchases a mutual fund share for $ 100. The fund pays dividends of $ 3, distributes a capital gain of $ 4, and charges a fee of $ 2 when the fund is sold one year later for $ 105. 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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