Question
1. (3 points) At the beginning of the year Thomas Purchased 200 shares of the IHeartTech Fund at an NAV of $26.oo and automatically reinvested
1. (3 points) At the beginning of the year Thomas Purchased 200 shares of the IHeartTech Fund at an NAV of $26.oo and automatically reinvested all the distributions. As a result of reinvesting, Thomas ended the year with 265 shares of the fund with an NAV of $32.20.
a. How much (what percentage) return did the IHeartTech Fund earn during the year?
b. What is Thomass total return for the year including his reinvestment?
c. How do you explain the difference?
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
2nd Edition
0765625229, 9780765625229
