Question
The Profitability Fund had NAV per share of $17.50 on January 1, 2016. On December 31 of the same year, the fund's NAV was $19.47.
The Profitability Fund had NAV per share of $17.50 on January 1, 2016. On December 31 of the same year, 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 Profitability Fund last year?
| A. | 11.26% | |
| B. | 15.54% | |
| C. | 16.97% | |
| D. | 21.26%
| |
| E. | 9.83% |
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Criminal Capital How The Finance Industry Facilitates Crime
Authors: S. Platt
1st Edition
113733729X,1137337303
