Question
A mutual fund had NAV per share of $36.15 on January 1, 2009. On December 31 of the same year the fund's rate of return
A mutual fund had NAV per share of $36.15 on January 1, 2009. On December 31 of the same year the fund's rate of return for the year was 14.0%. Income distributions were $1.16 and the fund had capital gain distributions of $2.12. Without considering taxes and transactions costs, what ending NAV would you calculate?
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Essentials Of Real Estate Finance
Authors: David Sirota
11th Edition
1419520911, 9781419520914
