Question: Boomer Fund started the year with a net asset value of $13.20. By year-end, its NAV equaled $12.00. The fund paid year-end distributions of income

Boomer Fund started the year with a net asset value of $13.20. By year-end, its NAV equaled $12.00. The fund paid year-end distributions of income and capital gains of $0.70. What was the rate of return to an investor in the Boomer Fund?

Rate of Return =

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