Corporate Fund started the year with a net asset value of $12.50. By year-end, its NAV equaled $12.10. The fund paid year-enddistributions of income and capital gains of $1.50.Required:What was the rate of return to an investor in the fund? (Round your answer to 2 decimal places.)Rate of return%

Net asset value at beginning (NAV0) is 12.50Net asset value at the end (NAV1) is 12.10Distribution…

Corporate Fund started the year with a net asset value of $12.50. By year-end, its NAV eq istributions of income and capital gains of $1.50. required: What was the rate of return to an investor in the fund? (Round your answer to 2 decimal Rate of retum

Corporate Fund started the year with a net asset value of $12.50. By year-end, its NAV eq istributions of income and capital gains of $1.50. required: What was the rate of return to an investor in the fund? (Round your answer to 2 decimal Rate of retum

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Corporate Fund started the year with a net asset value of $12.50. By year-end, its NAV equaled $12.10. The fund paid year-end
distributions of income and capital gains of $1.50.
Required:
What was the rate of return to an investor in the fund? (Round your answer to 2 decimal places.)
Rate of return
%

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