Question
Corporate Fund started the year with a net asset value of $16.50. By year-end, its NAV equaled $14.10. The fund paid year-end distributions of income
Corporate Fund started the year with a net asset value of $16.50. By year-end, its NAV equaled $14.10. The fund paid year-end distributions of income and capital gains of $4.00.
What was the rate of return to an investor in the fund? (Round your answer to 2 decimal places.)
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Valuation Workbook Step By Step Exercises And Tests To Help You Master Valuation
Authors: McKinsey & Company Inc.
7th Edition
1119611814, 978-1119611813
