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Question
You invested $9,000 in a mutual fund when the offering price was $31.50 and the NAV was $30.20. This purchase was made one year ago today. Today, the fund distributed a total of $1.55 in long-term gains and $0.85 in short-term gains. The current offering price is $33.42 and the NAV is $32.08. What is your return for the year?A. 4.35 percent
B. 6.37 percent
C. 7.58 percent
D. 9.46 percent
E. 10.80 percent
Answer
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