The holding period return on a mutual fund was 30%. Its ending NAV was $26 and its cash dividends and other distribution was $1.50. Its beginning NAV must have been , assuming no front- or back-end load.

The beginning NAV of the mutual fund msut have been 18.5$

Explanation:

Given details-

Annual return on the mutual fund= 30%

Final NAV of the mutual fund=$ 26

Cash dividends declared by the mutual fund=$ 1.5

Hence the starting NAV

Let us assume that starting NAV was $x

Hence after the declaration of the cash dividends, NAV of the issue= $(x+1.5)

In the end, the company would calculate annual return on $(x+1.5) amount

Hence annual return would be (30/100) * (x+1.5)

Net amount= x+ .3(x+1.5)

=1.3(x+1.5) by simplifying the above expression

The above equation must be equal to $ 26 which is the final NAV

Equating the both equation

1.3(x+1.5)=26

1.3x=26-1.95

x= $18.5

Hence the starting NAV was $ 18.5

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whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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