Business Finance Homework Help
Business Finance Homework Help. what is Tim’s rate of return?
Tim invested in a growth equity mutual fund that paid him $1.20 in dividends last year. The
fund also distributed $4.50 in capital gains. If the NAV of the mutual fund increased from
$26.75 to $32.50 over the year, what is Tim’s rate of return?
A) 38.6%
B) 23.4%
C) 34.6%
D) 219.2%
E) 398.3%
Business Finance Homework Help
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