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10 May, 06:13

An investor buys Go-Go Mutual Fund on January 1 at a net asset value of $21.20. At the end of the year, the price is $25.40. Also, the investor receives $0.50 in dividends and $0.35 in capital gains distributions. What is the total percent return on the beginning net asset value

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  1. 10 May, 08:09
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    Answer: 23.82%

    Explanation:

    First we will begin by calculating the difference in the Opening and Closing Net Asset Values.

    = 25.40 - 21.20

    = $4. 20

    Then you add the various gains received which include Dividends and Capital Gains

    = 4.20 + 0.50 + 0.35

    = $5.05

    This is the total Gain

    We will then divide by the Opening NAV to find the percent return

    = 5.05 / 21.20

    = 0.2382

    = 23.82 %

    23.82% is the total percent return on the beginning net asset value.
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