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Investors' Choice Fund had NAV per share of $37.25 on January 1, 2002. On December 31 of the same year the fund's rate of return

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Investors' Choice Fund had NAV per share of $37.25 on January 1, 2002. On December 31 of the same year the fund's rate of return for the year was 17.3%. Income distributions were $1.14 and the fund had capital gain distributions of $1.35. Without considering taxes and transactions costs, what ending NAV would you calculate for Investors' Choice? $41.20 $33.88 $43.69 $42.03 $46.62

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