QUESTION: Calculate the Total Return for the Abby Income Fund based on the following data. January 1, 2015 - Net Asset Value was $12.65 2015 income distribution was $0.21. 2015 capital gain was $0.33 December 31, 2015 - Net Asset Value was $15.23.

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter9: Projecting Financial Statements
Section: Chapter Questions
Problem 2cM
icon
Related questions
Question

Need help

QUESTION:
Calculate the Total Return for the Abby
Income Fund based on the following data.
January 1, 2015 - Net Asset Value was $12.65
2015 income distribution was $0.21.
2015 capital gain was $0.33
December 31, 2015 - Net Asset Value was
$15.23.
Transcribed Image Text:QUESTION: Calculate the Total Return for the Abby Income Fund based on the following data. January 1, 2015 - Net Asset Value was $12.65 2015 income distribution was $0.21. 2015 capital gain was $0.33 December 31, 2015 - Net Asset Value was $15.23.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Entrepreneurial Finance
Entrepreneurial Finance
Finance
ISBN:
9781337635653
Author:
Leach
Publisher:
Cengage
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