Corporate Fund started the year with a net asset value of $14.50. By year-end, its NAV equaled $14.00. The fund paid year-end distributions of income and capital gains of $1.00. What was the (pretax) rate of return to an investor in the fund? (Round your answer to 2 decimal places.)

3.45%  (Approx)

Explanation:

Given:

NAV at ending = $14

NAV at starting = $14.50

Capital gain = $1

Computation of net rate of return :

Rate of Return = [(NAV at ending - NAV at starting + Capital gain) / ( NAV at starting)] × 100

= [($14 - $14.50 + $1) / ($14.5)] × 100

= [$0.50 / $14.5] × 100

= [0.0344827586]  × 100

= 3.44827586%

= 3.45%  (Approx)

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.