Last year at this time, a mutual fund had an NAV of $26.40 per share. Over the past year the fund paid dividends of $1.40 per share and had a capital gains distribution of $1.20 per share. What is the holding period return assuming that the current NAV is $28.84?

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Question:

Last year at this time, a mutual fund had an NAV of $26.40 per share. Over the past year the fund paid dividends of $1.40 per share and had a capital gains distribution of $1.20 per share. What is the holding period return assuming that the current NAV is $28.84?

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Answer:19.09%Explanation:Given data:Initial NAV per share = $ 26.40Fund paid dividends per share = $ 1.40 Capital gains per share = $ 1.20Current NAV = $ 28.84Now,The total income = Fund paid dividends + Capital gains = $ 1.40 + $ 1.20 orThe total income = $ 2.60Now, the holding period return is calculated as:holding period return = [tex]\frac{\textup{Total income + ( current NAV - initial NAV )}}{\textup{Initial NAV )}}[/tex]orholding period return = [tex]\frac{2.60 + (28.84 - 26.40)}{26.40}\times100%[/tex]orholding period return = 0.1909 × 100% = 19.09%

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