The Yachtsman Fund had NAV per share of $36.12 on January 1,2009.On December 31 of the same year the fund's NAV was $39.71.Income distributions were $0.64 and the fund had capital gain distributions of $1.13.Without considering taxes and transactions costs,what rate of return did an investor receive on the Yachtsman Fund last year?

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The Answer of The Yachtsman Fund had NAV per share of $36.12 on January 1,2009.On December 31 of the same year the fund's NAV was $39.71.Income distributions were $0.64 and the fund had capital gain distributions of $1.13.Without considering taxes and transactions costs,what rate of return did an investor receive on the Yachtsman Fund last year?

The Yachtsman Fund Had NAV Per Share of $36