You Invested $9,000 in a Mutual Fund When the Offering

question 50

Multiple Choice

You invested $9,000 in a mutual fund when the offering price was $31.50 and the NAV was $30.20.This purchase was made one year ago today.Today,the fund distributed a total of $1.55 in long-term gains and $0.85 in short-term gains.The current offering price is $33.42 and the NAV is $32.08.What is your return for the year?

• A) 4.35 percent
• B) 6.37 percent
• C) 7.58 percent
• D) 9.46 percent
• E) 10.80 percent

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Definitions:

Louis Thurstone

An influential psychologist best known for his contributions to psychometrics and the theory of multiple intelligences.

Howard Gardner

An American developmental psychologist best known for his theory of multiple intelligences, which suggests that there are several types of intelligence that are distinct from each other.

Alfred Binet

A French psychologist best known for his role in developing the first intelligence tests in the early 20th century.

Multiple Intelligences

A theory proposing that individuals have a variety of distinct forms of intelligence that reflect different ways of interacting with the world.