Question: Corporate Fund started the year with a net asset value of $ 1 7 . 8 0 . By year - end, its NAV equaled

Corporate Fund started the year with a net asset value of $17.80. By year-end, its NAV equaled $16.30. The fund paid year-end distributions of income and capital gains of $2.20. What was the (pretax) rate of return to an investor in the fund?

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