The Profitability Fund Had NAV Per Share of $17

question 57

Multiple Choice

The Profitability Fund had NAV per share of $17.50 on January 1, 2018. On December 31 of the same year, the fund's NAV was $19.47. Income distributions were $0.75, and the fund had capital gain distributions of $1.00. Without considering taxes and transactions costs, what rate of return did an investor receive on the Profitability Fund last year?

• A) 11.26%
• B) 15.54%
• C) 16.97%
• D) 21.26%
• E) 9.83%

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