Question: A no - load mutual fund starts the year with $ 3 1 9 million in net assets and 2 0 million shares outstanding. It

A no-load mutual fund starts the year with $319 million in net assets and 20 million shares outstanding. It ends the year with $340 million in net assets, and 30 million shares outstanding. The fund made dividend distributions of $1.6 per share and capital gains distributions of $1.8 per share during the year. What was the rate of return on the fund for the year?

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