The Profitability Fund Had NAV Per Share of $17

question 56

Multiple Choice

The Profitability Fund had NAV per share of $17.50 on January 1, 2012.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:

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