Hamilton Growth Fund has provided the following data for 2015: . • • January 1, 2015 - Net Asset Value (NAV) was $20.10 2015 income distribution was $0.45 2015 capital gain was $0.60 December 31, 2015 - Net Asset Value (NAV) was $23.25 What is the Total Return for Hamilton Growth Fund for 2015?

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter16: Financial Planning And Forecasting
Section: Chapter Questions
Problem 2P: AFN EQUATION Refer to Problem 16-1. What additional funds would be needed if the companys year-end...
icon
Related questions
Question

Financial Accounting

Hamilton Growth Fund has provided the following data for 2015:
.
•
•
January 1, 2015 - Net Asset Value (NAV) was $20.10
2015 income distribution was $0.45
2015 capital gain was $0.60
December 31, 2015 - Net Asset Value (NAV) was $23.25
What is the Total Return for Hamilton Growth Fund for 2015?
Transcribed Image Text:Hamilton Growth Fund has provided the following data for 2015: . • • January 1, 2015 - Net Asset Value (NAV) was $20.10 2015 income distribution was $0.45 2015 capital gain was $0.60 December 31, 2015 - Net Asset Value (NAV) was $23.25 What is the Total Return for Hamilton Growth Fund for 2015?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Fundamentals Of Financial Management, Concise Edi…
Fundamentals Of Financial Management, Concise Edi…
Finance
ISBN:
9781337902571
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Entrepreneurial Finance
Entrepreneurial Finance
Finance
ISBN:
9781337635653
Author:
Leach
Publisher:
Cengage
Corporate Fin Focused Approach
Corporate Fin Focused Approach
Finance
ISBN:
9781285660516
Author:
EHRHARDT
Publisher:
Cengage