You Invested $8,000 in a Mutual Fund When the Offering

question 80

Multiple Choice

You invested $8,000 in a mutual fund when the offering price was $32.50 and the NAV was $31.20. This purchase was made one year ago today. Today, the fund distributed a total of $1.67 in long-term gains and $0.82 in short-term gains. The current offering price is $33.42 and the NAV is $32.08. What is your return for the year?

• A) 4.35 percent
• B) 6.37 percent
• C) 7.58 percent
• D) 10.49 percent
• E) 10.80 percent

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Definitions:

Cross-Docking

A logistics practice where products received at a warehouse or distribution center are not stored but instead are immediately prepared for shipping to another location.

Efficient Supply Chains

Supply chain management strategies aimed at maximizing productivity and reducing costs, while ensuring the timely delivery of products.

Intermodal Transportation

A logistics management approach that involves moving freight by using two or more modes of transportation, such as trucks, trains, ships, or airplanes, in the same container or vehicle.

Trade-Offs

The balance achieved between two desirable but incompatible features; a compromise or negotiation between conflicting needs or requirements.