1. Assume you just paid 1,279 for a convertible bond that carries a 8.15% coupon and has 15 years to maturity. The bond can be converted into 24 shares of stock, which are now trading at $50 a share. Find the bond investment value of this issue, given that comparable nonconvertible bonds are currently selling to yield 12.07%.

The bond investment value of this issue is $_____

2. You've uncovered the following per-share information about a certain mutual fund:

	2012	2013	2014
Ending share prices:
Offer	43.84	62.14	58.59
NAV	42.09	59.65	56.59
Dividend Income	2.53	2.73	2.12
Capital Gains distribution	1.75	6.26	4.12
Beginning Share Prices
Offer	53.25	43.84	62.14
NAV	51.12	42.09	59.65

MY ANSWERS: HPR 2012: -10.83% 2013: 42.73% 2014: 10.48% AM I CORRECT?

3. Three years ago, you invested in the Future Investco Mutual Fund by purchasing 600 shares at the net asset value of $ 20.29 per share. Because you did not need the income, you elected to reinvest all dividends and capital gains distributions. Today, you sell your 650 shares in this fund for $22.35 per share. What is the compounded rate of return on this investment over the three-year period?

The compounded rate of return on this investment over the three-year period is ___%

4. You invested in the no-load OhYes Mutual Fund one year ago by purchasing 600 shares of the fund at the net asset value of $25.44 per share. The fund distributed dividends of $2.78 and capital gains of $1.54 Today, the NAV is $27.10

What was your holding period return?

Your holding period return was _____%