Jmb Mutual Fund Is A No Load Fund That Had A Net Asset Value One Year Ago Of 33

JMB Mutual fund is a no-load fund that had a net asset value one year ago of $33.00. Today, the NAV is $36.40. During the year, dividends of $1.33 were paid out and a capital gains distribution of $1.77 was made. Calculate the percent of return for JMB.

 

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