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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![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%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F693c70a1-d109-4c6c-8ade-70bd8d4207fb%2F7304ce51-7656-49b7-8167-e4b99c43f8a3%2Flj2qk1_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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