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

question 6

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%
• E) 17.3%

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Definitions:

Hidden Curriculum

The implicit, informal lessons, values, and viewpoints that students absorb during their time in school, not necessarily part of the formal curriculum.

Obedience

The act of following orders or instructions, often from a figure of authority.

Competition

The rivalry among businesses or individuals for the acquisition of customers, market share, or resources.

Social Class

Social Class refers to divisions in society based on economic and social status, affecting individuals' opportunities, lifestyles, and perspectives.