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NEW QUESTION: 1
One year ago, Sandra Gordon purchased 200 shares of a Pacific fund when they were trading at
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The return to Gordon would be: (Ending Share Price - Beginning Share Price + Distributions)
/ Beginning Share Price = ($62.00 -$58.20 + $2.30) / $58.20 = 10.48%.Note that the purchase and sales prices do not equal the NAVs; the fund is a closed-end fund.
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