The Profitability Fund had NAV per share of $17.50 on January 1, 2016. On December 31 of the same year, the fund's NAV was $19.47. Income distributions were $0.75, and the fund had capital gain distributions of $1.00. Without considering taxes and transactions costs, what rate of return did an investor receive on the Profitability Fund last year?
A) 11.26%
B) 15.54%
C) 16.97%
D) 21.26%
E) 9.83%
Correct Answer:
Verified
Q22: Commingled funds are
A) amounts invested in equity
Q23: A mutual fund had year-end assets of
Q24: A mutual fund had year-end assets of
Q25: Assume that you purchased shares of a
Q27: Assume that you purchased shares of a
Q28: Patty O Furniture purchased 100 shares of
Q31: The Yachtsman Fund had NAV per share
Q31: Assume that you purchased 200 shares of
Q34: Investors' Choice Fund had NAV per share
Q39: Which of the following is not an
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents