At the beginning of the year,you invested $5,000 in a no-load mutual fund with a NAV of $25.00.At the end of the year,the fund distributed $1.10 per share in short-term earnings and $3.10 per share in long-term earnings.The end of year NAV was $24.60.What was your annual rate of return on this investment?
A) -5.90 percent
B) -1.86 percent
C) 11.80 percent
D) 15.20 percent
E) 17.90 percent
Correct Answer:
Verified
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