The rate of return did an investor receive on the fund last year is : 8.87%.
<h3>Rate of return</h3>
Using this formula
Rate of return=(Dec fund's NAV -Jan fund's NAV +Income distribution+Capital gain distribution)/Jan fund's NAV
Let plug in the formula
Rate of return = ($23.15 - $23.00 + $.63 + $1.26)/$23.00
Rate of return =$2.04/$23.00×100
Rate of return = 8.87%
Therefore the rate of return did an investor receive on the fund last year is : 8.87%.
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The appropriate response is Daily Compounding. Progressive accrual is the expansion important to the key total of an advance or store, or as it were, enthusiasm on intrigue. It is the aftereffect of reinvesting premium, instead of paying it out, so that enthusiasm for the following time frame is then earned on the chief total in addition to the already gathered premium.
Communication involves both listening and speaking. When you say "What I'm hearing you say" is an example of reflective listening because you are trying to clarify the idea of what the other party is trying to imply. Then listener recaps the message using his own words and tries to give back the speakers idea to confirm if the idea has been understood.
Answer:
The solution and complete explanation for the above question and mentioned conditions is given below in the attached document.i hope my explanation will help you in understanding this particular question.
Explanation:
<span>Variances allow the business owner to supervise
their business better by taking well-versed decisions based on how the business
really performed against the budgeted performance. Additionally, it also
highlights reasons or different causes for the disparity in the projected
income or expenses.</span>
