A Mutual Fund Reported the Following Quarterly Returns for the Year

question 65

Multiple Choice

A mutual fund reported the following quarterly returns for the year: 2%, -0.5%, 1.5%, 5%. What was its total return for the year? Round your answer to the nearest tenth of a percent.

• A)3.3%
• B)37%.
• C)8.0%
• D)8.2%

---

Definitions:

Liabilities

Financial obligations or debts owed by a company to creditors, representing claims against a company's assets.

Cash

Money in the form of coins or banknotes, used for transactions, and considered the most liquid asset.

Credit

A contractual agreement in which a borrower receives something of value now and agrees to repay the lender at a later date, often with interest.

Asset Account

A type of account that shows the value of all assets a company has, including tangible and intangible items.