Aclosed-end fund starts the year with a net asset value of $12.00. by year-end, nav equals $12.10. at the beginning of the year, the fund was selling at a 2% premium to nav. by the end of the year, the fund is selling at a 7% discount to nav. the fund paid year-end distributions of income and capital gains of $1.50. a. what is the rate of return to an investor in the fund during the year? b. what would have been the rate of return to an investor who held the same securities as the fund manager during the year?

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.