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

question 61

Multiple Choice

Assume that you purchased shares of a mutual fund at a net asset value of $14.50 per share. During the year, you received dividend income distributions of $0.27 per share and capital gains distributions of $0.65 per share. At the end of the year, the shares had a net asset value of $13.74 per share. What was your rate of return on this investment?

• A) 2.91%
• B) 3.07%
• C) 1.10%
• D) 1.78%
• E) −1.18%

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Definitions:

Releases of Information

The process or documentation that allows for the sharing of an individual's medical or personal information with specified parties.

Cultural Competence

The ability of individuals and organizations to effectively interact, work, and understand people from different cultural backgrounds, enhancing service delivery in diverse settings.

Within-Group Membership

The sense of belonging or identification with a subgroup within a broader group or category.

Culturally Appropriate

Ensuring that behaviors, practices, or interventions are respectful of and relevant to the cultural backgrounds of the people involved.