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Which of the Following Formulae Is Used to Calculate the Net

Question 141

Multiple Choice

Which of the following formulae is used to calculate the net dividend income per share of a mutual fund?


A) Subtract operating expenses from dividend and interest income and divide the result by the number of outstanding shares.
B) Divide gross investment income by the number of outstanding shares.
C) Subtract operating expenses from the income derived from dividends, interest, and short-term capital gains earned by the fund and divide the result by the number of outstanding shares.
D) Add dividends, interest, and short-term and long-term capital gains earned by the fund; subtract operating expenses; then divide the result by the number of outstanding shares.

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