One Year Ago,you Purchased $6,000 Worth of a Mutual Fund

question 10

Multiple Choice

One year ago,you purchased $6,000 worth of a mutual fund at an offering price of $38.10 a share.Today,the fund distributed $0.20 in short-term gains and $1.04 in long-term gains.The current offering price is $41.80.The fund has a front-end load of 5 percent and total annual operating expenses of 1.25 percent.What is your rate of return on this investment?

• A)2.87 percent
• B)3.54 percent
• C)6.06 percent
• D)7.48 percent
• E)9.91 percent

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