You own 100 shares of the Zippo Mutual Fund with NAV of $31.50. It just announced a year-end distribution of $2.50 per share in capital gains and $4.25 in dividends which you have decided to reinvest in the fund. Management fees are 1% of the value of invested funds and 12b-1 fees are $0.35 per share.

How many shares do you now own?

104.875

118.687

20.357

120.218

What is the value of your shares?

3,748.98

3,982.69

1,202.176

3,258.452