Multiple Choice
A mutual fund had NAV per share of $23.00 on January 1, 2016. On December 31 of the same year, the fund's NAV was $23.15. Income distributions were $0.63, and the fund had capital gain distributions of $1.26. Without considering taxes and transactions costs, what rate of return did an investor receive on the fund last year?
A) 11.26%
B) 10.54%
C) 8.87%
D) 8.26%
E) 9.63%
Correct Answer:
Verified
Correct Answer:
Verified
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