Five years ago, you invested in the Future Investco Mutual Fund by purchasing 1,400 shares of the fund at a net asset value of $18.99 per share. Because you did not need the income, you elect to reinvest all dividends and capital gains distributions. Today, you sell your 1,650 shares in this fund for $21.35 per share. What is the compounded rate of return on this investment over the five- period? The compounded rate of return on this investment over the five-year period is % (Round to two decimal places)

Five years ago, you invested in the Future Investco Mutual Fund by purchasing 1,400 shares of the fund at a net asset value of $18.99 per share. Because you did not need the income, you elect to reinvest all dividends and capital gains distributions. Today, you sell your 1,650 shares in this fund for $21.35 per share. What is the compounded rate of return on this investment over the five- period? The compounded rate of return on this investment over the five-year period is % (Round to two decimal places)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

You bought 70 shares of a mutual fund one year ago for $50 per share. The front-end load is 5 percent. The fund paid $2.00 per share in dividends during the year. If the fund's net asset value increased 15 percent during the year, what is the percent return for the year?
Tyler invested $20,300 in a mutual fund at 2.8% compounded semi-annually. After 3 years, the interest rate was changed to 8.2% compounded annually. After the rate change, the money is left in the account for an additional 8 years. How much was the value of the fund after the full 11 years?
Last year your friend, who has not taken this investments class, invested $23 thousand into a fund with a 3.4% front-end load, a 1.5% annual expense ratio, and a NAV of $34.86 per share. The securities in the fund increased by 11.5 percent over the course of a year, and your friend sold the fund. What was your friend's rate of return on this investment? Enter answer in percents, accurate to two decimal places.
Suppose you inherit $100,000 at age 25 and immediately invested in a growth fund who’s annual rate of return average is 13%. Five years later, you transfer all proceeds from the scrubs fun into a long-term IRA that pays an average annual rate of 8%. Immediately you start making additional contributions of $7000 per year to the same IRA. Assuming continuous interest, steady interest rates, and a perfect record of making annualcontributions, how much is this IRA worth when you reach the age of 65? The formula that will need to be used is A = P e^r*t + D/r (e^r*t - 1). Hint: use the continuous interest formula to find the accumulated amount for the first five years, which is then the annual investment, P, into the IRA.
You purchased 1,000 shares of the New Fund at a price of $32 per share at the beginning of the year. You paid a front- end load of 2%. The securities in which the fund invests increase in value by 11% during the year. The fund's expense ratio is 1%. What is your rate of return on the fund if you sell your shares at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Rate of return This is a numeric cell, so % X
In the prospectus for the Brazos Aggressive Growth fund, the fee table indicates that the fund has a 12b-1 fee of 0.35 percent and an expense ratio of 1.55 percent that is collected once a year on December 1. Joan and Don Norwood have shares valued at $116,250 on December 1. What is the amount of the 12b-1 fee this year? What is the amount they will pay for expenses this year? Note: For all requirements, round answers to 2 decimal places.
You purchased 1,000 shares of a fund at a price of $20 per share at the beginning of the year. The fund charges a front-end load of 3%. The securities in which the fund invests increase in value by 10% during the year. The fund's expense ratio is 1.3%. What is your rate of return if you sell your shares at the end of the year?
You invest $150 each month (starting today) into a mutual fund. You reinvest distributions. At the end of 14 years, you sell all your shares and receive $20,480. Calculate your rate of return.
Compute the total and annual returns on the described investment. Five years after buying 200 shares of XYZ stock for $40 per share, you sell the stock for $11,500. The total return is %. (Do not round until the final answer. Then round to one decimal place as needed.)
Your objective is to have $25,650 in exactly 15 years. Today you invest $9,000 in a Schwab ‘Differential Rate’ stock fund. For the next 7 years Schwab guarantees that your investment will earn a 6.1 % annual interest rate. To achieve your objective, during the final 8 years the Schwab fund must pay an annual interest rate of:
Compute the total and annual returns on the described investment. Four years after buying 50 shares of XYZ stock for $80 per share, you sell the stock for $6000.
You want to make a summary about Your investments. (future Value)2 years ago you invested 3 million HUF into a housing fund that earned 2.3% effective loss annually.v- 1.5 years ago you made a 0.7 million HUF bank deposit with 1.5% annual nominal return and monthly compounding. 1 year ago You invested 2.5 million HUF into a developing market fund and the daily return was0.021 %. The returns were accounted for at the end of each days. How much is the current worth of Your portfolio?

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