Corporate Fund started the year with a net asset value of $14.00. By year-end, its NAV…

Corporate Fund started the year with a net asset value of $14.00. By year-end, its NAV equaled $13.20. The fund paid year-end distributions of income and capital gains of $2.20. What was the rate of return to an investor in the fund? (Round your answer to 2 decimal places.) Rate of return