1. MassMutual Super Select Fund has 4 million shares outstanding. Its portfolio holds 200,000 shares of Stock A, 300,000 shares of Stock B, 400,000 shares of Stock C, and 600,000 shares of Stock D. The fund pays management fee $30,000 annually. The follow table shows stock price at the end of year 2020 and 2021. Year Stock 2020 2021 A $35 $38 B $40 $42 C $20 $19 D $25 $25 a) What is the Net Asset Value (NAV) at the end of 2020 and 2021? b) During 2020-2021, the fund paid income distribution $0.3/share and capital gain distribution $0.2/share. What is the return rate to fund investor from 2020 to 2021?
1. MassMutual Super Select Fund has 4 million shares outstanding. Its portfolio holds 200,000 shares of Stock A, 300,000 shares of Stock B, 400,000 shares of Stock C, and 600,000 shares of Stock D. The fund pays management fee $30,000 annually. The follow table shows stock price at the end of year 2020 and 2021. Year Stock 2020 2021 A $35 $38 B $40 $42 C $20 $19 D $25 $25 a) What is the Net Asset Value (NAV) at the end of 2020 and 2021? b) During 2020-2021, the fund paid income distribution $0.3/share and capital gain distribution $0.2/share. What is the return rate to fund investor from 2020 to 2021?
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter3: Data Visualization
Section: Chapter Questions
Problem 6P: The file MutualFunds contains a data set with information for 45 mutual funds that are part of the...
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