Allen Fund had NAV values of $9, $10, and $12 at the beginning, middle, and end of last year, respectively. It made a $1.00 per share distribution at mid-year. The average annual total return of the fund for the year is

A)

33.33%.
B)

44.44%.
C)

46.67%.
D)

55.55%.

C

Business

You might also like to view...

In a California lawsuit between a U.S. resident and a manufacturer based in Taiwan, what might limit the jurisdiction of the California court?

A) The Due Process Clause of the Fourteenth Amendment B) Sovereign immunity C) The Hague Convention on Taking Evidence Abroad D) Comity E)All of the above

Business

The Fair Debt Collection Practices Act prohibits the following by debt collectors except:

a. harassing, late-night phone calls b. sending repeated letters demanding payment c. publication of a list of debts owed d. threatening violence if a debt is not paid e. all of the other choices are prohibited

Business