You invest $10,000 in a mutual fund at the beginning of the year at a NAV of $32.80. The fund makes a dividend distribution of $0.18 and a capital gains distribution of $0.38. If the NAV at the end of the year is $36.21, what was your return for the year?
A) 10.47%
B) 11.55%
C) 9.91%
D) 10.96%
E) 12.10%
Correct Answer:
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