A Mutual Fund Had NAV Per Share of $16

question 13

Multiple Choice

A mutual fund had NAV per share of $16.75 on January 1, 2016. On December 31 of the same year, the fund's rate of return for the year was 26.6%. Income distributions were $1.79, and the fund had capital gain distributions of $2.80. Without considering taxes and transactions costs, what ending NAV would you calculate?

• A) $17.44
• B) $13.28
• C) $14.96
• D) $17.25
• E) $16.62

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