Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance And Sustainability

Authors: William Sun, Celine Louche, Roland Perez

1st Edition

1780520921, 978-1780520926

More Books

Students also viewed these Finance questions