The Close-Up Fund's shares are currently selling for $12.00, and its net asset value (NAV) is $13.50. Last year John Doe bought 100 shares of this fund. At that time, the shares were trading at $10 and the NAV was $9.75. If the fund paid dividends of $0.25 and capital gains of $0.75 during the year, what rate of return (TR) would he realize if he sold his shares?

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The Answer of The Close-Up Fund's shares are currently selling for $12.00, and its net asset value (NAV) is $13.50. Last year John Doe bought 100 shares of this fund. At that time, the shares were trading at $10 and the NAV was $9.75. If the fund paid dividends of $0.25 and capital gains of $0.75 during the year, what rate of return (TR) would he realize if he sold his shares?

The Close-Up Fund's Shares Are Currently Selling for $12