Question
Jason purchased a mutual fund at NAV of $40.00 and it was redeemed 8 months later at $45.00. During the time he owned the fund,
Jason purchased a mutual fund at NAV of $40.00 and it was redeemed 8 months later at $45.00. During the time he owned the fund, he received a capital gains distribution of $5.00/share. What is his holding period return?
A.18%.
B.25%.
C.20%.
D.22.5%
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
10th edition
978-1337902571, 1337902578, 978-1337911054, 1337911054, 978-0324272055
