Question
HELLO, A noload mutual fund had NAV per share of $22.00 on January 1. On December 31 of the same year the fund's NAV was
HELLO,
A noload mutual fund had NAV per share of $22.00 on January 1. On December 31 of the same year the fund's NAV was $25.32. Income distributions were $0.85 and the fund had capital gain distributions of $1.65. Without considering taxes and transactions costs, what rate of return did an investor receive on the fund last year? Enter your answer rounded to two decimal places.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
