Assume That You Purchased Shares of a Mutual Fund at a Net

question 22

Multiple Choice

Assume that you purchased shares of a mutual fund at a net asset value of $10.00 per share.During the year, you received dividend income distributions of $0.05 per share and capital gains distributions of $0.06 per share.At the end of the year, the shares had a net asset value of $8.16 per share.What was your rate of return on this investment?

• A)-18.24%
• B)-16.1%
• C)16.10%
• D)-17.3%

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