You Invested $8,500 in a Mutual Fund When the Offering

question 31

Multiple Choice

You invested $8,500 in a mutual fund when the offering price was $31.30 and the NAV was $30.20. This purchase was made one year ago today. Today, the fund distributed a total of $1.59 in long-term gains and $.85 in short-term gains. The current offering price is $33.42 and the NAV is $32.18. What is your return for the year?

• A)4.35%
• B)7.37%
• C)8.23%
• D)9.46%
• E)10.61%

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Definitions:

Resource Dilemma

A situation in which individuals or groups must decide how to wisely consume or allocate resources that are limited and can be depleted.

Limited Resource

A scarcity of resources that restricts the ability to achieve certain objectives or satisfy needs.

Action Strategies

Plans or tactics employed to achieve specific goals or outcomes.

Qualitative Research

Research that explores and understands phenomena in-depth by collecting non-numerical data, such as interviews, observations, and words.