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FinanceQ&A LibraryThe Yachtsman Fund had NAV per share of $36.12 on January 1, 2016. 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? A. 14.84% B. 14.39% C. 17.68% D. 18.52% E. 22.92%Start your trial now! First week only $4.99!*arrow_forward*

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The Yachtsman Fund had NAV per share of $36.12 on January 1, 2016. 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?

A. 14.84%

B. 14.39%

C. 17.68%

D. 18.52%

E. 22.92%

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