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18 September, 04:24

Corporate Fund started the year with a net asset value of $12.90. By year-end, its NAV equaled $12.30. The fund paid year-end distributions of income and capital gains of $1.40. What was the rate of return to an investor in the fund

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  1. 18 September, 04:52
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    6.201%

    Explanation:

    Given that,

    Net asset value = $12.90

    By year-end net asset value = $12.30

    Fund paid year-end distributions of income and capital gains = $1.40

    change in NAV:

    = By year-end net asset value - Net asset value

    = $12.30 - $12.90

    = - $0.6

    Rate of Return:

    = (change in net asset value + Distributions) : Start of Year net asset value

    = (-$0.6 + $1.40) : $12.90

    = 0.8 : $12.90

    = 0.06201 or 6.201%
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Home » Business » Corporate Fund started the year with a net asset value of $12.90. By year-end, its NAV equaled $12.30. The fund paid year-end distributions of income and capital gains of $1.40. What was the rate of return to an investor in the fund
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