In January, 1992, the NAV for a Fund Was $15

question 56

Multiple Choice

In January, 1992, the NAV for a fund was $15. Over the year it paid no dividends but distributed a capital gain of $.80. At the end of the year, the NAV was $17.50. The rate of return for the year was

• A) 22%.
• B) 14.2%.
• C) 17.4%.
• D) 20%.

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