An investor purchases a mutual fund for $60. The fund pays dividends of $1.20, distributes a capital gain of $3, and charges a fee of $3 when the fund is sold one year later for $61.80. What is the...

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Extracted text: An investor purchases a mutual fund for $60. The fund pays dividends of $1.20, distributes a capital gain of $3, and charges a fee of $3 when the fund is sold one year later for $61.80. What is the net rate of return from this investment? (Enter your answer to the nearest whole number.) Rate of return %