A mutual fund had an NAV of $26.4000 a year ago. During the year the fund paid dividends of $1.4000 and had a capital gains distribution of $1.2000 per share. Find the HPR with the current NAV at $28.8400? 14.5% 17.5% 19.1% 23.6%

A mutual fund had an NAV of $26.4000 a year ago. During the year the fund paid dividends of $1.4000 and had a capital gains distribution of $1.2000 per share. Find the HPR with the current NAV at $28.8400? 14.5% 17.5% 19.1% 23.6%

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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Question

A mutual fund had an NAV of $26.4000 a year ago. During the year the fund paid dividends of $1.4000 and had a capital gains
distribution of $1.2000 per share. Find the HPR with the current NAV at $28.8400?
O 14.5%
17.5%
19.1%
O 23.6%

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