The Profitability Fund Had NAV Per Share of $17

question 69

Multiple Choice

The Profitability Fund had NAV per share of $17.50 on January 1,2001.On December 31 of the same year the fund's NAV was $19.47.Income distributions were $0.75 and the fund had capital gain distributions of $1.00.Without considering taxes and transactions costs,what rate of return did an investor receive on the Profitability fund last year?

• A) 11.26%
• B) 15.54%
• C) 16.97%
• D) 21.26%
• E) 9.83%

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Definitions:

River Erosion

The removal of soil and rock by the flowing water of a river, which can lead to changes in river shape and course.

Wet Pavement

A road surface condition that is wet, often reducing tire traction, increasing stopping distances, and affecting vehicle handling.

Unidirectional Grooves

Grooves in a tire designed to optimize water evacuation and improve grip by pointing in a single direction, enhancing performance in wet conditions.

Axle Wheel Ends

The outer sections of a vehicle's axle where the wheels are mounted, including the hub, bearings, and related components.