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Assume that you purchased shares of a mutual fund at a net asset value of $16.5 per share. During the year, you received dividend income
Assume that you purchased shares of a mutual fund at a net asset value of $16.5 per share. During the year, you received dividend income distributions of $0.5 per share and capital gains distributions of $1.2 per share. At the end of the year, the shares had a net asset value of $17.8 per share. What was your total rate of return on this fund?
A. | 2.25% | |
B. | 18.18% | |
C. | 15.15% | |
D. | 1.10% | |
E. | 7.88% |
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