At the Beginning of the Year, You Invested $5,000 in a No-Load

question 38

Multiple Choice

At the beginning of the year, you invested $5,000 in a no-load mutual fund with a NAV of $25.00. At the end of the year, the fund distributed $1.10 per share in short-term earnings and $3.10 per share in long-term earnings. The end-of-year NAV was $24.60. What was your annual rate of return on this investment?

• A)−5.90%
• B)−1.86%
• C)11.80%
• D)15.20%
• E)17.90%

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Definitions:

Autism

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Electroconvulsive Therapy

A psychiatric treatment where seizures are electrically induced in patients to provide relief from mental disorders.

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