Question
18. Here are the NAVs for a no-load mutual fund that paid no distributions: April 2 NAV=$11.5 Apr 3 NAV=$12.5 Apr 4 NAV=$12.1 Apr 5
18. Here are the NAVs for a no-load mutual fund that paid no distributions:
April 2 NAV=$11.5 Apr 3 NAV=$12.5 Apr 4 NAV=$12.1 Apr 5 NAV=$13.5
What is your return if you buy the fund on April 3 at 7am and sell it on Apr 4 at 8pm?
a. 5.22%
b. 17.39%
c. -3.2%
d. 8%
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Lessons In Corporate Finance
Authors: Paul Asquith, Lawrence A. Weiss
2nd Edition
1119537835, 978-1119537830
