In early January of 2015, Abigail invested $2,500 in shares of the Pathfinder Fund when the NAV was $11.12. All dividends and capital gains are reinvested in the fund

At the end of December, 2015 the NAV was $11.50 and she held 235.8 shares in her account. Her holding period return was
A) 3.42%.
B) 8.47%.
C) 4.88%.
D) 7.81%.


Answer: B

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