On January 1, 2016, a mutual fund had a NAV of $37.12 per share. As of December 31 of the same year, the fund's rate of return during the year was 11.0%. The income distribution was $2.26 and the fund's capital gains distribution was $1.64. Regardless of taxes and transaction costs, which NAV would you finish?

Answer rating: 100% (QA)

To calculate the ending NAV Net Asset Value of the mutual fund we need to con... View the full answer