Disregard time value of money and any load charges

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An investor buys shares in a mutual fund for $20.00/sh. At the end of the year, the fund distributed a $0.58 dividend and after the distribution the net asset value (NAV)goes to 24.31. What is the investor's percent return on their investment? Disregard time value of money and any Load charges. Show all calculations.

Reference no: EM131497037

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