Investments
11th Edition
ISBN: 9781259277177
Author: Zvi Bodie Professor, Alex Kane, Alan J. Marcus Professor
Publisher: McGraw-Hill Education
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Question
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:
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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