Information for ABC Fund Is The Market-Based Holding Period Return for ABC Mutual Fund Is

question 35

Multiple Choice

Information for ABC Fund is $$\begin{array} { l c c } & \text { Beginning of the Year } & \text { End of the Year } \\\hline \text { NAV } & \$ 12.80 & \$ 11.64 \\\text { Market price of the fund shares } & \$ 13.05 & \$ 9.95 \\\text { Dividends paid over the year } & & \$ 0.90 \\\text { Capital gains distributed over the year } & & \$ 0.30 \\\hline\end{array}$$ The market-based holding period return for ABC Mutual Fund is

• A) -19.1%.
• B) -14.6%.
• C) 0.3%.
• D) 9.4%.

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Definitions:

Machine Hours

A measure of the amount of time a machine is operated, used as a basis for allocating manufacturing overhead costs to products.

Variable Manufacturing Overhead

The portion of manufacturing overhead costs that varies with production volume.

Indirect Labor

Labor costs associated with workers who are not directly involved in producing goods but support the production process.

Fixed Overhead Costs

Expenses that do not change with the level of production or business activity, such as rent, salaries, and insurance.