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A Mutual Fund Had NAV Per Share of $23

question 42

Multiple Choice

A mutual fund had NAV per share of $23.00 on January 1, 2016. On December 31 of the same year, the fund's NAV was $23.15. Income distributions were $0.63, and the fund had capital gain distributions of $1.26. Without considering taxes and transactions costs, what rate of return did an investor receive on the fund last year?


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A photosensitive drum located inside a toner cartridge; attracts laser toner particles.

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A type of printer that uses a laser beam to produce high quality text and graphics by repeatedly passing a laser beam back and forth over a negatively charged drum to define a differentially charged image.

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Dynamic Host Configuration Protocol, a network management protocol used to automate the process of configuring devices on IP networks, enabling them to use the TCP/IP protocol based communications.

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Solid state storage media that use flash memory to retain data, offering fast access speeds and resistance to physical shock.

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