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(Solved) (Latest ver. Aug 2020) - Net Asset Value Pretax Rate of Return for ABC Fund

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Company ABC Fund started the year with a NAV of $12.50.
By the year-end, its NAV equals $12.10.
The fund paid year-end distribution of income and capital gains of $1.50.
What was the (pretax) rate of return to an investor in the fund?

Please explain as well as show mathematically.
Please support with two references.


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This question was answered on: Sep 16, 2020

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