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

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Definitions:

Liberal Protestants

Members of the Protestant denomination who hold more progressive, open-minded theological views, often emphasizing social justice.

Controlled Drinking

is an approach in alcohol addiction treatment aimed at helping individuals moderate their alcohol intake rather than abstaining entirely.

Alcoholics

Individuals who suffer from alcoholism, a chronic disorder characterized by dependency on alcohol, inability to control drinking, and withdrawal symptoms when attempting to stop.

Public Drunkenness

The act of being intoxicated with alcohol in a public setting, which is considered a legal offense in many jurisdictions.