An equity mutual fund began the year with a net asset value (NAV) of $6.50 per share. During the year, it received $0.15 of dividend income, $1.25 in realized capital losses, and $0.50 in unrealized capital gains. Ninety percent of the income was distributed to shareholders. 

Calculate the fund’s year-end NAV.

Answer rating: 100% (QA)

To calculate the funds yearend NAV youll need to account for the various income and capital ... View the full answer