What is the rate of return to an investor

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-Fidelity's Active Equity fund had year-end assets of $230 million and liabilities of $13 million. If the fund's NAV was $69.44, how many shares must have been held in the fund? (Format of the answer: 150000, round to whole shares.)

-A closed-end fund starts the year with a NAV of $25.00. By year-end, NAV equals $26.70. At the beginning of the year, the fund was selling at a 3% premium at NAV. By the end of the year, the fund is selling at a 6% discount to NAV. The fund paid year-end distributions of income and capital gains of $1.20. What is the rate of return to an investor in the fund during the year? (Format of the answer: 22.22 - in percent, but don't include % symbol, round to 2 digits.)

Reference no: EM132798424

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