Last Year, Sue Purchased a Closed-End Mutual Fund That Was

question 51

Multiple Choice

Last year, Sue purchased a closed-end mutual fund that was trading at $42 and had an NAV of $38. Sue sold the fund today when the NAV is $44 and the market price is $43. The fund paid $1 in dividends over the past year. What is the Sue's holding period return?

• A) 4.8%
• B) 7.1%
• C) 11.6%
• D) 18.4%

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