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Assume that you purchased shares of a mutual fund at a net asset value of $14.50 per share. During the year, you received dividend income
Assume that you purchased shares of a mutual fund at a net asset value of $14.50 per share. During the year, you received dividend income distributions of $0.27 per share and capital gains distributions of $0.65 per share. At the end of the year, the shares had a net asset value of $13.74 per share. What was your rate of return on this investment? a. -1.18% b. 1.78% c. 2.91% d. 1.10% e. 3.07%
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