Y8 You invested $85,000 in a mutual fund at the beginning of the year when the NAV
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Question:
Y8
You invested
$85,000
in a mutual fund at the beginning of the year when the NAV was
$33.97
. At the end of the year, the fund paic
$0.39
in short-term distributions and
$0.56
in long-term distributions. If the NAV of the fund at the end of the year was
$30.13
, what was your return for the year?\\nNote: A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.\\nRate of return
Related Book For
Modern Advanced Accounting In Canada
ISBN: 9781259066481
7th Edition
Authors: Hilton Murray, Herauf Darrell
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