Course: Personal Finance Management

1. Lily bought 100 shares of the XYZ Aggressive Growth fund for $15 per share. She had income dividends of $25, capital gain distributions of $40, and a capital gain of $150 in the year she sold her shares. What was her percentage total return on this investment?

A. 14.33% B. 13.87% C. 12.25% D. 15.61%

2. Current market value of a fund portfolio - Liabilities / Number of shares outstanding =

A. Adjusted asset value B. Net asset value C. Gross asset value D. total portfolio value