You purchased 100 shares of a fund for $15.50 per share.Its current NAV is 20.75 per share.There were no distributions.What is your total return?
A)33.87%
B)22.33%
C)79.67%
D)25.51%

Question

Quizplus · Accepted Answer

The total return is calculated by the formula: [(Current NAV - Purchase Price) / Purchase Price] * 100. Here, it is [(20.75 - 15.50) / 15.50] * 100 = (5.25 / 15.50) * 100 = 33.87%.

You Purchased 100 Shares of a Fund for $15