A Mutual Fund Had NAV Per Share of $19

question 4

Multiple Choice

A mutual fund had NAV per share of $19.00 on January 1, 2018. On December 31 of the same year, the fund's NAV was $19.14. Income distributions were $0.57, and the fund had capital gain distributions of $1.12. 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) 7.97%
• D) 8.26%
• E) 9.63%

Understand the concept of consumerism and its influence on identity and social dynamics.

Identify the process of cultural lag and its impacts on society.

Appreciate the complexity and diversity of cultural representation and interpretation.

Understand the concept of exchange rates and their role in international economics.

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Definitions:

Qualified Replacement

A person who possesses the necessary skills, experience, and qualifications to fill a vacant position effectively.

Resistance

Opposition or pushback encountered when introducing changes, innovations, or new ideas.

Climate Of Distrust

An environment characterized by skepticism and suspicion among individuals or groups, often leading to a lack of collaboration and openness.

External Dependencies

The reliance by an entity, such as an organization, on external resources or inputs (material, financial, informational) that it does not directly control, influencing its operations and outcomes.