A Mutual Fund Had NAV Per Share of $36

question 37

Multiple Choice

A mutual fund had NAV per share of $36.15 on January 1, 2016. On December 31 of the same year, the fund's rate of return for the year was 14.0%. Income distributions were $1.16, and the fund had capital gain distributions of $2.12. Without considering taxes and transactions costs, what ending NAV would you calculate?

• A) $37.93
• B) $34.52
• C) $44.69
• D) $47.25
• E) $36.28