Corporate Fund started the year with a net asset value of $12.50. By year-end, its NAV equaled

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Corporate Fund started the year with a net asset value of $12.50. By year-end, its NAV equaled $12.10. The fund paid year-end distributions of income and capital gains of $1.50. What was the (pretax) rate of return to an investor in the fund?

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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Question Posted: Jan 04, 2013 08:10 AM

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Corporate Fund started the year with a net asset value of $12.50. By year-end, its NAV equaled

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Opening NAV1250 Closing NAV1210 Distribu...View the full answer

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