Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. American Funds Balanced Fund had a solid year of performance in 2021. In December 2021 the fund manager estimated the following taxable income amounts
1. American Funds Balanced Fund had a solid year of performance in 2021. In December 2021 the fund manager estimated the following taxable income amounts
$100mm short term capital gains
$100mm long term capital gains
$120mm short term capital losses
No long term capital losses
$20mm municipal bond interest
$50mm corporate bond interest
$40mm qualified stock dividends
The Fund has $5BN in total assets and 100mm shares Outstanding.
What is the total estimated distribution per share?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started