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You purchased a mutual fund for $26.86 and received a distribution of $0.57. What was the...

You purchased a mutual fund for $26.86 and received a distribution of $0.57. What was the NAV of the fund if you sold your shares and made a return of -3.99 percent?

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Answer #1

Return = (Sale Price - Buy Price + Dividend)/Buy Price

-3.99% = (Sale Price - $26.86 + $0.57)/$26.86

-1.0717 = Sale Price - $26.86 + $0.57

Sale Price = $25.22

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