A Mutual Fund Had NAV Per Share of $37

question 3

Multiple Choice

A mutual fund had NAV per share of $37.12 on January 1, 2016.On December 31 of the same year, the fund's rate of return for the year was 11.0%.Income distributions were $2.26, and the fund had capital gain distributions of $1.64.Without considering taxes and transactions costs, what ending NAV would you calculate?

• A)$37.93
• B)$34.52
• C)$37.30
• D)$47.25

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Definitions:

Exploitative

Exploitative describes actions or conditions that take unfair advantage of others, often in a way that is unethical or unjust.

Carson Strong

A person's name, lacking context for a definition without additional information.

Human Reproductive Cloning

The creation of a genetically identical copy of a human, focusing specifically on reproducing human DNA.

Ethically Wrong

A moral judgment indicating that an action or decision is contrary to ethical principles or moral law.