One Year Ago,you Purchased 421 Shares of a Mutual Fund

question 107

Multiple Choice

One year ago,you purchased 421 shares of a mutual fund when both the offering price and the NAV were $10.80 a share.Today,the NAV is $10.64 after today's distribution of $1.48 per share in short-term gains.There is no long-term gain distribution.What is your rate of return?

• A) 10.99 percent
• B) 12.04 percent
• C) 12.22 percent
• D) 14.29 percent
• E) 14.41 percent

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Experimental Method

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Boundaries set by moral principles that guide individuals' actions and decisions, particularly in professional contexts.

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The systematic investigation of mental processes and behavior through experiments, observation, and analysis.

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