The Yachtsman Fund Had NAV Per Share of $36

question 10

Multiple Choice

The Yachtsman Fund had NAV per share of $36.12 on January 1, 2016. On December 31 of the same year, the fund's NAV was $39.71. Income distributions were $0.64, and the fund had capital gain distributions of $1.13. Without considering taxes and transactions costs, what rate of return did an investor receive on the Yachtsman Fund last year?

• A) 22.92%
• B) 17.68%
• C) 14.39%
• D) 18.52%
• E) 14.84%

Comprehend the role of the perirhinal cortex and other cortical regions in memory processes.

Appreciate the impact of neurodegenerative diseases on memory and identify the hallmarks of such diseases in the brain.

Understand the concept of spatial memory and the brain's mechanism for mapping environments.

Learn about the advanced imaging techniques used to study memory and brain function.

---

Definitions:

Contractual Relationship

A legally binding agreement between two or more parties, creating mutual obligations enforceable by law.

Unjust Enrichment

A windfall that one party to a contract stands to make at the expense of the other.

Collateral Contract

A separate contractual obligation that can stand alone, independent of the written contract.

Inferred Trust

A trust implied by law to work out justice between the parties, based on certain circumstances or conduct, as opposed to being established by explicit words.