A Mutual Fund Had NAV Per Share of $23

question 37

Multiple Choice

A mutual fund had NAV per share of $23.00 on January 1, 2018. On December 31 of the same year, the fund's NAV was $23.15. Income distributions were $0.63, and the fund had capital gain distributions of $1.26. 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) 8.87%
• D) 8.26%
• E) 9.63%

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Involves processes or reactions occurring in a sequential manner, one step at a time.

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