Last year at this time, a mutual fund had an NAV of $26.40 per share. Over the past year the fund paid dividends of $1.40 per share and had a capital gains distribution of $1.20 per share
What is the holding period return assuming that the current NAV is $28.84?
A) 14.5%
B) 17.5%
C) 19.1%
D) 23.6%
Answer: C
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Indicate whether the statement is true or false
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