A fund starts the year with NAV 58 per share. Over the year, the fund...
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A fund starts the year with NAV 58 per share. Over the year, the fund pays out income of 3.25 per share and capital gains distributions of 2.25 per share. Assets in the portfolio grew (shrank) by 0.1325, and an expense ratio of 0.011 is charged at the end of the year. What is the rate of return on the fund? (Hint: calculate NAV1 first) \begin{tabular}{|c|} \hline 0.2273 \\ \hline 0.2027 \\ \hline 0.2149 \\ \hline 0.2396 \\ \hline 0.1921 \\ \hline \end{tabular}
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