Last Year at This Time, a Managed Fund Had an NTA

question 25

Multiple Choice

Last year at this time, a managed fund had an NTA of $13.20 per unit. Over the past year the fund paid dividends of $0.70 per unit and had a capital gains distribution of $1.20 per unit. What is the holding period return assuming that the current NTA is $14.42?

• A) 23.6%.
• B) 14.4%.
• C) 13.2%.
• D) 21.6%.

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Definitions:

Conditional Reinforcement

The process through which a response becomes more likely or strengthened because it is followed by the delivery of a reinforcer dependent on meeting a certain condition.

Contingent Reflex

A reflex action that depends on specific conditions or stimuli to occur.

Stimulus Generalization

The process by which a conditioned response is triggered by stimuli similar to the original conditioned stimulus.

Behavior Modification

A therapy approach aimed at changing undesirable behaviors through reinforcement or punishment.