Multiple Choice
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%
Correct Answer:
Verified
Correct Answer:
Verified
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