Last year, 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
What is the Sue's holding period return?
A) 4.8%
B) 7.1%
C) 11.6%
D) 18.4%
Answer: A
Business
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