Computation of holding period return of a closed-end mutual fund
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Sue purchased a closed-end mutual fund that was trading at $42 and had an NAV of $38. Sue sold the fund today when the NAV is $44 and the market price is $43. The fund paid $1 in dividends over the past year. Sue's holding period return?
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Computation of holding period return of a closed-end mutual fund.
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Before I show the computation for the holding period return (HPR), let us define closed-end mutual fund first. According to Investopedia, "publicly traded investment company that ...
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