At the Beginning of the Year,you Invested $4,000 in a No-Load

question 19

Multiple Choice

At the beginning of the year,you invested $4,000 in a no-load mutual fund with a NAV of $20.00.At the end of the year,the fund distributed $1.06 in short-term earnings and $3.10 in long-term earnings.The end of year NAV was $19.42.What was your annual rate of return on this investment?

• A)-5.90 percent
• B)-1.86 percent
• C)11.80 percent
• D)15.36 percent
• E)17.90 percent

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Definitions:

Transition State

A high-energy state during a chemical reaction where reactants are converted into products, representing the point of maximum energy during the reaction.

Substrates

A substance or layer that underlies something, or on which some process occurs, in various scientific fields, it often refers to the base on which an organism grows or the substance enzymes act upon.

Cofactor

A coenzyme or metal ion that associates with an enzyme and is necessary for its function.

Hexokinase

An enzyme that catalyzes the first step in glucose metabolism, converting glucose to glucose-6-phosphate.