Question
Corporate Fund started the year with a net asset value of $14.70. By year-end, its NAV equaled $13.20. The fund paid year-end distributions of income
Corporate Fund started the year with a net asset value of $14.70. By year-end, its NAV equaled $13.20. The fund paid year-end distributions of income and capital gains of $2.50.
Required:
What was the rate of return to an investor in the fund? (Round your answer to 2 decimal places.)
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Quantitative Trading
Authors: Ernest P. Chan
2nd Edition
1119800064, 978-1119800064
