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The Profitability Fund had NAV per share of $17.50 on January 1, 2018. On December...

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The Profitability Fund had NAV per share of $17.50 on January 1, 2018. On December 31 of the same year, the fund's NAV was $19.47. Income distributions were $0.75, and the fund had capital gain distributions of $1.00. Without considering taxes and transactions costs, what rate of return did an investor receive on the Profitability Fund last year? Multiple Choice 11.26% 15.54% 16.97% a 21.26% a 9.83%

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