Tim invested in a growth equity mutual fund that paid him $1.20 in dividends last year. The
fund also distributed $4.50 in capital gains. If the NAV of the mutual fund increased from
$26.75 to $32.50 over the year, what is Tim’s rate of return?
Thank you for the opportunity to help you with your question!
The correct answer for Tim's rate of return is A) 38.6%. This answer can be obtained by using an online rate of return calculator.
Content will be erased after question is completed.
Enter the email address associated with your account, and we will email you a link to reset your password.
Forgot your password?