You invested $9,000 in a mutual fund when the offering price was $31.50 and the NAV was $30.20.This purchase was made one year ago today.Today,the fund distributed a total of $1.55 in long-term gains and $0.85 in short-term gains.The current offering price is $33.42 and the NAV is $32.08.What is your return for the year?
A) 4.35 percent
B) 6.37 percent
C) 7.58 percent
D) 9.46 percent
E) 10.80 percent
Correct Answer:
Verified
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