At the Beginning of the Year, You Invested $7,500 in a No-Load

question 63

Multiple Choice

At the beginning of the year, you invested $7,500 in a no-load mutual fund with an NAV of $30.00. At the end of the year, the fund distributed $1.05 per share in short-term earnings and $3.00 per share in long-term earnings. The end-of-year NAV was $24.75. What was your annual rate of return on this investment?

• A)−4.00%
• B)−1.96%
• C)10.80%
• D)14.20%
• E)16.90%

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