Question
Boomer Fund started the year with a net asset value of $13.20. By year-end, its NAV equaled $12.00. The fund paid year-end distributions of income
Boomer Fund started the year with a net asset value of $13.20. By year-end, its NAV equaled $12.00. The fund paid year-end distributions of income and capital gains of $0.70. What was the rate of return to an investor in the Boomer Fund?
Rate of Return =
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
