Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The Pioneer Fund had NAV per share of $17.50 on January 1, 2021. On December 31,2021 the fund's NAV was $19.47. Income distributions were $0.75,
The Pioneer Fund had NAV per share of $17.50 on January 1, 2021. On December 31,2021 the fund's NAV was $19.47. Income distributions were $0.75, and the fund had capital gain distributions of $1.00. Without considering taxes and transactions costs, what rate of return did an investor receive on the Pioneer Fund in 2021 ? Round it to 2 decimals a. 15.54% b. 21.26% c. 16.97% d. 11.26% Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
The Finance Book
Authors: Stuart Warner, Si Hussain
1st Edition
1292123648, 978-1292123646
