A Mutual Fund Had NAV Per Share of $37

question 16

Multiple Choice

A mutual fund had NAV per share of $37.12 on January 1,2009.On December 31 of the same year the fund's rate of return for the year was 11.0%.Income distributions were $2.26 and the fund had capital gain distributions of $1.64.Without considering taxes and transactions costs,what ending NAV would you calculate?

• A)$37.93
• B)$34.52
• C)$37.30
• D)$47.25
• E)$36.28

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Definitions:

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