Investments
Investments
11th Edition
ISBN: 9781259277177
Author: Zvi Bodie Professor, Alex Kane, Alan J. Marcus Professor
Publisher: McGraw-Hill Education
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Chapter 4, Problem 12PS
Summary Introduction

Adequate information:

Opening NAV of the fund - $ 12.50

Closing NAV of the fund- $ 12.10

Income distributed during the year - $ 1.50

To compute:rate of return to investor

Introduction:

Total return to the investor during a particular period is the sum total of change in the NAV of the fund during the period and income distributed during the period.

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