You invested in the no-load Best Mutual Fund one year ago by purchasing 700 shares of the fund at the net asset value of $19 08 per share. The fund distributed dividends of $2.44 and capital gains of $2.22 Today, the NAV is $20 16 What was your holding period retu? Your holding penod return was (Round to two decimal places)

You invested in the no-load Best Mutual Fund one year ago by purchasing 700 shares of the fund at the net asset value of $19 08 per share. The fund distributed dividends of $2.44 and capital gains of $2.22 Today, the NAV is $20 16 What was your holding period retu? Your holding penod return was (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

Find the following for the indicated mutual fund when the given number of shares is bought and sold 1 year later after receiving the distribution shown in the following table. (Round your answers to two decimal places.) Name Shares Bought Shares Sold Distribution NorthCo 300 at $85 300 at $90 $1.15 per share (a) Find the capital appreciation. ____________%(b) Find the yield. _____________%(c) Find the return. _____________%
At the end of yesterday mutual fund XYZ had $7 million in cash, $350 million in securities and 61 million of shares outstanding. At the end of today the value of securities increased by 5% and the number of shares increased by 2%. Calculate fund’s NAV as of today. $5.55 $6.02 $6.19 $5.82
You purchased 1,000 shares of a mutual fund at an offer price of $13.48 per share. Several months later you sold the shares for $14.62 per share. During the time you owned the shares, the fund paid a dividend of $0.67 per share. What was your return on investment? Round to the nearest tenth. %
About a year ago, Eric Robertson bought some shares in the Diamond Mountain Mutual Fund. He bought the fund at $25.50 a share, and it now trades at $26.30. Last year, the fund paid dividends of $0.72 a share and had capital gains distributions of $2.50 a share. Assume that the mutual fund distributed the dividends and capital gains at the end of the year. Using the approximate yield formula, what rate of return did Eric earn on his investment? Round the answer to two decimal places. % Repeat the calculation using a handheld financial calculator. Round the answer to two decimal places. % What rate of return would he have earned if the stock had risen to $30 a share? Round the answer to two decimal places. %
K8.
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
You invested in the no-load Best Mutual Fund one year ago by purchasing 900 shares of the fund at the net asset value of $18.58 per share. The fund distributed dividends of $1.95 and capital gains of $1.98. Today, the NAV is $19.90. If Best was a load fund with a 3% front-end load, what would be the HPR?
You purchased 1,000 shares of a mutual fund at an offer price of $13.88 per share. Several months later you sold the shares for $14.62 per share. During the time you owned the shares, the fund paid a dividend of $0.67 per share. What was your return on investment? Round to the nearest tenth.
You invested in the no - load Best Mutual Fund one year ago by purchasing 700 shares of the fund at the net asset value of $18.89 per share. The fund distributed dividends of $ 2.52 and capital gains of $2.12. Today, the NAV is $20.31. What was your holding period (Round to return Your holding period return was two decimal places.)
A mutual fund reported year-end (as of 4:00pm that day) total assets of $508 million and an expense ratio of 1.32% and a 12b-1 fee of 1%. The fund charges a 4% back-end fee. The fund on that day has 500,000 outstanding shares and liabilities of $54.1 million. The investor is planning on investing in this mutual fund for 20 years. calculate the average annual fee that this investor will pay.
Solve the problem with complete solution. 8. You invested 20,000 in a financial institution for a trust fund in NAV of 65 per share. How many shares have you invested?
Consider a $100 levered mutual fund that will liquidate in 5 years. The funds capital structure consists of 80% debt and 20% equity. The portoflio is invested in public equities. At the end of the 5th (and final) year, the market value of the public equities is $70. The market value of the funds equity position is most likely: <$0 $0 >$0

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