Multiple Choice
A mutual fund had NAV per share of $36.15 on January 1, 2012.On December 31 of the same year the fund's rate of return for the year was 14.0%.Income distributions were $1.16 and the fund had capital gain distributions of $2.12.Without considering taxes and transactions costs, what ending NAV would you calculate
A) $37.93
B) $34.52
C) $44.69
D) $47.25
E) $36.28
Correct Answer:
Verified
Correct Answer:
Verified
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