Net Asset Value Pretax Rate of Return for ABC Fund
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Company ABC Fund started the year with a NAV of $12.50.
By the year-end, its NAV equals $12.10.
The fund paid year-end distribution of income and capital gains of $1.50.
What was the (pretax) rate of return to an investor in the fund?
Please explain as well as show mathematically.
Please support with two references.
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Solution Summary
This solution discusses net asset value pretax rate of a return for a fund.
Education
- Bachelor of Science in Business Administration, University of the Philippines
- Master in Business Administration, Saint Mary's University
- Doctor of Philosophy in Education, University of the Philippines
- Doctor in Business Adminstration (IP), Polytechnic University of the Philippines
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