Question: Close Window Moving to another question will save this response Questions of 10 Question 5 1 points Save Answer You invested 550.000 in a mutual

 Close Window Moving to another question will save this response Questions

Close Window Moving to another question will save this response Questions of 10 Question 5 1 points Save Answer You invested 550.000 in a mutual fund at the beginning of the year when the NAV was $68.08. At the end of the year the fund paid 50 in short term distributions and 0.69in long term distributions. If the NAV of the fund at the end of the year was $70.95, what was your return for the year? [Round your answer to 2 decimal places. Omit the sign in your response)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!