Question
You purchased a mutual fund with a NAV (Net Asset Value) of $10 per share. Over the year that you held the fund there has
You purchased a mutual fund with a NAV (Net Asset Value) of $10 per share. Over the year that you held the fund there has been a dividend distribution of $1 per share and capital gains distributions of $2 per share. The ending NAV is $16 per share. Compute your percentage total return for the year.
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
7th Edition
1259919714, 978-1259919718
