The current price per share of capital mutual fund is $15.55. the year to date return is +11.4 percent. what was the price per share at the beginning of the year?

$13.96.

Step-by-step explanation:

Let x represent price per share at the beginning of the year.

We have been given that the current price per share of Capital Mutual Fund is $15.55. The year to date return is +11.4 percent. This means that current price is 111.4 (100+11.4) percent of price at the beginning of the year.

Therefore, the price per share at the beginning of the year was $13.96.

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step-by-step explanation: