you bought 100 shares of an open-end mutual fund one year ago at $10 a share....
you bought 100 shares of an open-end mutual fund one year ago at $10 a share. You received $0.50 per share distribution six months ago when the fund's NAV was 12.50 a share. If the fund's NAV at the end of the year was $12 a share, calculate your rate of return on the fund for the year.
Homework Answers
calculate your rate of return on the fund for the year
=(dividend income+capital return)/NAV at purchase time
=(0.50+(12.00-10.00))/10
=25.00% or 0.25
the above should be the answer..
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