Multiple Choice
Assume that you purchased shares of a mutual fund at a net asset value of $10.00 per share. During the year, you received dividend income distributions of $0.05 per share and capital gains distributions of $0.06 per share. At the end of the year, the shares had a net asset value of $8.16 per share. What was your rate of return on this investment?
A) −18.24%
B) −16.1%
C) 16.10%
D) −17.3%
E) 17.3%
Correct Answer:
Verified
Correct Answer:
Verified
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