Question: Problem 4-12 Corporate Fund started the year with a net asset value of $15.50. By year-end, its NAV equaled $15.10. The fund paid year-end distributions

Problem 4-12 Corporate Fund started the year with a net asset

Problem 4-12 Corporate Fund started the year with a net asset value of $15.50. By year-end, its NAV equaled $15.10. The fund paid year-end distributions of income and capital gains of $.90. What was the (pretax) rate of return to an investor in the fund? (Round your answer to 2 decimal places.) Rate of return %

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