An aggressive equity mutual fund began the year with a net asset value (NAV)of $6.50 per share.During the year it received $0.15 dividend income,$1.25 in realized capital losses,and $0.50 in unrealized capital gains.Ninety percent of the income was distributed to shareholders.Calculate the year-end NAV.

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The Answer of An aggressive equity mutual fund began the year with a net asset value (NAV)of $6.50 per share.During the year it received $0.15 dividend income,$1.25 in realized capital losses,and $0.50 in unrealized capital gains.Ninety percent of the income was distributed to shareholders.Calculate the year-end NAV.

An Aggressive Equity Mutual Fund Began the Year with a Net