An environmentally-friendly balanced mutual fund began the year with a net asset value (NAV) of $12.25 per share. During the year, it received $1.00 of dividend and interest income, $0.25 in realized capital gains, and $0.50 in unrealized capital gains. Ninety percent of the income and all of the realized capital gain were distributed to shareholders. Calculate the year-end NAV.

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The Answer of An environmentally-friendly balanced mutual fund began the year with a net asset value (NAV) of $12.25 per share. During the year, it received $1.00 of dividend and interest income, $0.25 in realized capital gains, and $0.50 in unrealized capital gains. Ninety percent of the income and all of the realized capital gain were distributed to shareholders. Calculate the year-end NAV.

An Environmentally-Friendly Balanced Mutual Fund Began the Year with a Net