A Mutual Fund Had NAV Per Share of $26

question 14

Multiple Choice

A mutual fund had NAV per share of $26.25 on January 1, 2016. On December 31 of the same year, the fund's rate of return for the year was 16.4%. Income distributions were $1.27, and the fund had capital gain distributions of $1.85. Without considering taxes and transactions costs, what ending NAV would you calculate?

• A) $27.44
• B) $33.88
• C) $24.69
• D) $42.03
• E) $16.62

Identify the actions and activities that contribute to effective organizational socialization.

Recognize the impact of organizational culture on socialization and employee behavior.

Analyze the challenges and benefits of cultural diversity within organizations.

Understand the guidelines for effective diversity management in the workplace.

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Definitions:

Projected Revenue

An estimate of the amount of money that an organization anticipates earning over a specific period in the future.

Solver

A feature in software, such as Microsoft Excel, that performs optimization, finding the best solution to a problem given constraints.

Price/Demand Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, often used to understand the sensitivity of consumers to price changes.

Local Optimum Solution

A solution to an optimization problem that is better than or equal to all nearby solutions but not necessarily the best overall, or global, solution.