22. The Profitability Fund had NAV per share of $21.80 on January 1, 2019. On December 31 of the same year the fund's NAV was $22.45. Income distributions were $0.60 and the fund had capital gain distributions of $0.96. Without considering taxes and transactions costs, what rate of return did an investor receive on the Profitability fund last year? * O A) 2.98% O B) 10.13% O C) 5.7% O D) 4.05% O E) None of the above
22. The Profitability Fund had NAV per share of $21.80 on January 1, 2019. On December 31 of the same year the fund's NAV was $22.45. Income distributions were $0.60 and the fund had capital gain distributions of $0.96. Without considering taxes and transactions costs, what rate of return did an investor receive on the Profitability fund last year? * O A) 2.98% O B) 10.13% O C) 5.7% O D) 4.05% O E) None of the above
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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31% D1 4:28
22. The Profitability Fund had NAV per
share of $21.80 on January 1, 2019.
On December 31 of the same year
the fund's NAV was $22.45. Income
distributions were $0.60 and the
fund had capital gain distributions of
$0.96. Without considering taxes and
transactions costs, what rate of
return did an investor receive on the
Profitability fund last year? *
A) 2.98%
B) 10.13%
C) 5.7%
D) 4.05%
E) None of the above
23. The following data relate to a
mutual fund: Assets at the beginning
of year: $500 million, number of
shares outstanding: 20 million shares,
dividend income at the end of the
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