I am trying to draw a circular arc with rounded edges like in the picture below, but I failed miserably. Could anyone please help with step by step explanation ?!
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Draw a circle.
Delete 2 anchor points on the circle
Apply a thick stroke
Set the stroke options (on the Stroke Panel) to have rounded end caps.
Pressing F1 and reviewing the help files may be helpful. These are very basic operations for Illustrator.