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Allen Fund Had NAV Values of $9,$10,and $12 at the Beginning,middle,and

Question 70

Multiple Choice

Allen Fund had NAV values of $9,$10,and $12 at the beginning,middle,and end of last year,respectively.It made a $1.00 per share distribution at mid-year.The average annual total return of the fund for the year is


A) 33.33%.
B) 44.44%.
C) 46.67%.
D) 55.55%.

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