A Mutual Fund Had NAV Per Share of $23

question 4

Multiple Choice

A mutual fund had NAV per share of $23.00 on January 1, 2016.On December 31 of the same year, the fund's NAV was $23.15.Income distributions were $0.63, and the fund had capital gain distributions of $1.26.Without considering taxes and transactions costs, what rate of return did an investor receive on the fund last year?

• A)11.26%
• B)10.54%
• C)8.87%
• D)8.26%

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