The yachtsman fund had nav per share of 3612 on

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3. The Yachtsman Fund had NAV per share of $36.12 on January 1, 2012. On December 31 of the same year the fund's NAV was $39.71. Income distributions were $0.64 and the fund had capital gain distributions of $1.13. Without considering taxes and transactions costs, what rate of return did an investor receive on the Yachtsman Fund last year? 39.71-36.12+0.64+1.13/36.12=14.839
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  • Spring '17
  • Prof Ng
  • Yachtsman Fund

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