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You invested $105,000 in a mutual fund at the beginning of the year when the NAV was $48.63. At the end of the year the fund paid $.43 in short-term distributions and $.60 in long-term distributions. If the NAV of the fund at the end of the year was $55.66, what was your return for the year? Explain comprehensively and also show all workings.

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Category:- Basic Finance
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