10. Mutual Fund Returns (LO2, CFA2) You invested $10,000 in a mutual fund at the beginning of...

Question:

10. Mutual Fund Returns (LO2, CFA2) You invested $10,000 in a mutual fund at the beginning of the year when the NAV was $32.24. At the end of the year, the fund paid $.24 in short-term distributions and $.41 in long-term distributions. If the NAV of the fund at the end of the year was $35.23, what was your return for the year?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals Of Investments Valuation And Management

ISBN: 9781260013979

9th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

Question Posted: