Last year, Melissa purchased a closed-end mutual fund that was trading at $33 and had a NAV of $30. She sold the fund today at the market price is $38 when the NAV is $39. The fund paid $1 in dividends over the past year. What is the her holding period return? 13.54% 18.18% 15.15% 12.82%

Essentials of Business Analytics (MindTap Course List)
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ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter2: Descriptive Statistics
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Problem 17P: Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual...
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Last year, Melissa purchased a closed-end mutual fund that was trading at $33 and had a NAV of $30. She sold the fund today at the market price is $38 when the NAV is $39. The fund paid $1 in dividends over the past year. What is the her holding period return?

13.54%
18.18%
15.15%
12.82%
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