A mutual fund had NAV per share of $36.15 on January 1, 2016. On December 31 of the same year, the fund's rate of return for the year was 14.0%. Income distributions were $1.16, and the fund had capital gain distributions of $2.12. Without considering taxes and transactions costs, what ending NAV would you calculate?
A. $37.93
B. $34.52
C. $44.69
D. $47.25
E. $36.28
A. $37.93
You might also like to view...
Members of Generation Y are most likely to influence
A. retirement plans. B. children's designer clothing lines. C. video games. D. automobile design. E. health care and insurance.
Employee morale, timeliness of delivery, and the reactions of customers are examples of nonfinancial factors that should be considered when making a managerial decision.
Answer the following statement true (T) or false (F)
Which of the following is NOT a drawback associated with global supply chain design and location?
a. cultural issues b. product quality and safety problems c. transportation issues d. lack of demand for product
Obtains if a merger results in improvements in any business function, including: (i) management; (vii) labor costs; (ii) production or distribution; etc
a. Operating synergy b. Financial synergy c. Business synchronization d. Economies of scope