Answered step by step
Verified Expert Solution
Link Copied!

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance And Public Policy

Authors: Arye L. Hillman

2nd Edition

0521738059, 978-0521738057

More Books

Students also viewed these Finance questions

Question

Different types of Grading?

Answered: 1 week ago

Question

Explain the functions of financial management.

Answered: 1 week ago

Question

HOW MANY TOTAL WORLD WAR?

Answered: 1 week ago

Question

Discuss the scope of financial management.

Answered: 1 week ago

Question

3. Is it a topic that your audience will find worthwhile?

Answered: 1 week ago

Question

2. Does the topic meet the criteria specified in the assignment?

Answered: 1 week ago