Last year at this time, Sharon Ring bought 120 units of a listed managed fund when the price was $7.50 per unit and the NAV was $8 per unit. Over the past year the fund distributed 90 cents per share of income and 50 cents per share of long term capital gains. What would be Sharon's holding period return before tax assuming that she exits the investment at the current offer price of $8.50 and a NAV $8.70 per unit?

Select one:

a.

13%

b.

30%

c.

32%

d.

36%

e.

None of the above

Clear my choice