One Year Ago,you Purchased 421 Shares of a Mutual Fund

question 107

Multiple Choice

One year ago,you purchased 421 shares of a mutual fund when both the offering price and the NAV were $10.80 a share.Today,the NAV is $10.64 after today's distribution of $1.48 per share in short-term gains.There is no long-term gain distribution.What is your rate of return?

• A) 10.99 percent
• B) 12.04 percent
• C) 12.22 percent
• D) 14.29 percent
• E) 14.41 percent

---

Definitions:

Square Feet Coverage

A measure of area used to determine how much space a certain amount of material will cover, often used in flooring or painting.

Wall Length

Wall length is a measurement term referring to the total linear distance of the walls in a given room or structure, typically used in construction and architecture.

Kilograms

A unit of mass in the metric system equal to one thousand grams, commonly used across the globe for measuring weight.

Grams

A unit of mass in the metric system, equal to one thousandth of a kilogram.