Twelve months ago you purchases shares of a no-load mutual fund for $22.25 per share.  The fund distributed cash dividends of $0.90 and capital gains of $1.25 per share.  If the net asset value is $24.45, what was the annual rate of return?

Q: Consider the following hypothetical investment for the fund. Issue a one-month liability and…

A: Calculate the coupon amount (PMT) of the bond by multiplying the face value of the bond which is…

Q: A mutual fund sold $158 million of assets during the year and purchased $132 million in assets. If…

A: A fund's turnover rate is a financial term that indicates how often it purchases and sells assets in…

Q: Maryse has invested $1000 into mutual fund at a 5% annual rate of return, compounded daily. What are…

A: Nominal interest rate is the stated interest rate on the fund, whereas effective interest rate is…

Q: Suppose an individual invests $24,000 in a load mutual fund for two years. The load fee entails an…

A: The annual return on the mutual funds over the two years investment period is  10.234 %Explanation:…

Q: You purchased 500 shares of The New Century Fund at NAV of $23.56 last year. The fund distributed…

A: Given,Current NAV = $23.56 Dividends Distributed = $4.35adjusted closing price of your purchase =…

Q: Stan invested in the Great Growth mutual fund 5 years ago. His returns were 50%, -20%, 10%, 0% and…

A: The Geometric Average Return is a rate of return that is calculated by taking the product of all…

Q: You purchased 1,000 shares of a mutual fund at an offer price of $13.68 per share. Several months…

A: The percentage return that an investor is earning from a particular investment in a particular time…

Q: Assume that one year ago you bought 200 shares of a mutual fund for $20 per share, you received a…

A: Solution:Percentage of total return means the percentage of total return earned by the investor over…

Q: I bought 750 shared for $20.75 a share. At the end of the year I received income dividends of…

A: Individuals, companies, and firms all make investments for the return for a specific time period,…

Q: Sub- Accounting  You pay $23,600 to the Laramie Fund, which has a NAV of $31 per share at the…

A: NAV stands for Net Asset Value, which is a financial term used in the investment industry to…

Q: Elise is adapting the cost averaging in investment. He decided to invest in a mutual fund for 6…

A: In the given problem we need to compute the price of mutual fund units every month, then basis that…

Q: You purchased $3,400 worth of shares in a mutual fund that does not have a front-end load. However,…

A: In mutual fund the companies charge their fee on selling and the amount received is slightly less…

Q: $1,000 is invested in a fund at the beginning of the year. The fund rate of return is 8% for the…

A: Investment amount = $1000 Interest rate is divided semi annually First half year, Interest rate = 8%…

Q: Carlo is adapting the cost averaging in investment. She decided to invest in a mutual fund for 6…

A: We need to compute the price of mutual fund unit every month, basis that we can calculate no. of…

Q: A closed-end fund starts the year with a net asset value of $13.00. By year-end, NAV equals $13.20.…

A: In order to invest in a diverse portfolio of securities, such as equities, bonds, money market…

Q: Five years​ ago, you invested in the Future Investco Mutual Fund by purchasing 1,100shares of the…

A: Solution:- Compound rate of return means the annual rate of return earned. We know, amount at…

Q: You invested in the no load Best Mutual Fund one year ago by purchasing 700 sha Today, the NAV is…

A: Holding period return refers to the return that is earned by the investors from the assets that are…

Q: Over the past 3 years, your stock fund earned returns of 10%, -8%, and 12%.  If you initially put…

A: Solution:- When an amount is invested somewhere, it earns interest on it. The amount invested…

Q: A closed-end fund starts the year with a net asset value of $31. By year-end, NAV equals $33.00. At…

A: Given, Net Asset value = $31 NAV = $33 3% premium to NAV Income and capital gains = $3.40

Q: Last year, Melissa purchased a closed-end mutual fund that was trading at $33 and had a NAV of $30.…

A: The holding period of return is calculated with the help of following formula  Holding Period Return…

Q: The New Fund had average daily assets of $2.2 billion in the past year. New Fund's expense ratio was…

A: The expense ratio of a fund is used to measure how much its assets are used for administrative and…

Q: A mutual fund sold $58 million of assets during the year and purchased $64 million in assets. If the…

A: The change in the underlying asset of a fund of the portfolio is determined by the turnover ratio.…

Q: You bought 70 shares of a mutual fund one year ago for $50 per share. The front-end load is 5…

A: Given: Purchase price = $50 Front end load = 5% Dividend per share = $2 Increase in value = 15%

Q: You purchased 1,000 shares of a mutual fund at an offer price of $13.88 per share. Several months…

A: The question is based on the concept of Holding period Return.

Q: If an investor buys shares in a no-load mutual fund for $40 and after eight years the shares…

A: The application of interest to a principal balance of a debt is known as compound interest.

Q: What is the total percent return on the beginning net asset value?

A: The stock return is the change in the price of an investment. It includes the payment of dividend…

Q: The following mutual fund investment earns monthly returns that are reinvested and subsequently earn…

A:

Q: You purchased 1,000 shares of a mutual fund at an offer price of $13.48 per share. Several months…

A: please see the next step for the solution

Q: About a year ago, Eric Robertson bought some shares in the Diamond Mountain Mutual Fund. He bought…

A: The objective of this question is to calculate the rate of return Eric earned on his investment in…

Q: a. What is the rate of return to an investor in the fund during the year? (Do not round intermediate…

A: Information Provided: Beginning NAV = $12 Ending NAV = $12.10 Beginning NAV Premium = 10% Ending…

Q: You recently purchased a round lot (100 shares) of ABC stock that offered an attractive dividend.…

A: Dividends: The portion of the company's profit distributed among the shareholders or investors of…

Q: You purchased 1,000 shares of the New Fund at a price of $32 per share at the beginning of the year.…

A: Total number of share=1,000Price per share = $32Front-end load = 2%Expenses ratio = 1%Increase in…

Q: You purchased 1,000 shares of a mutual fund at an offer price of $13.88 per share. Several months…

A: Return on Investment (ROI):-It is the ratio that is calculated by dividing profit earned on an…

Q: You invested in the no - load Best Mutual Fund one year ago by purchasing 700 shares of the fund at…

A: Given That:Opening NAV= $18.89 per shareClosing NAV= $20.31 per shareDividend= $2.52Capital Gain=…

Q: If you plan to sell the fund after four years, are Class A or Class B shares the better choice for…

A: Assume investment amount=100 Net amount investment = gross amount*(1-front-end load) = 100*(1-0.06)…

Q: million. The investor is planning on investing in this mutual fund for 20 years. calculate the…

A: Information Provided: Total assets = $508 million Expense ratio = 1.32% Fund charges (back end fee)…

Q: You purchased 1000 shares of a mutual fund at an offer price of $13.88 per share. Several months…

A: The rate of return on the investment refers to the concept which is stated as the income earned from…

Q: You purchased 1,000 shares of a mutual fund at an offer price of $13.88 per share. Several months…

A: Given: Purchase price = $13.88 Selling price = $14.62 Dividend = $0.63

Q: Assume that one year ago, you bought 210 shares of a mutual fund for $24 per share and that you…

A: Total return on investment= (Closing Market Value - Beginning price + Dividend + Capital Gain) /…