Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1: You buy Fidelity Growth Mutual Fund at an NAV of $28.60, at the end of the year the price is $29.80/share. You receive $0.60
1: You buy Fidelity Growth Mutual Fund at an NAV of $28.60, at the end of the year the price is $29.80/share.
You receive $0.60 in dividends and $0.90 in capital gains distributions. What is your total return?
2: Abigail purchased 500 shares of Fidelity Aggressive Growth fund at an NAV of $8.50/share. Six months later, the NAV of the fund was $9.20/share. What is her total gain or loss?
Group of answer choices
-$375
$ 420
$ 500
$ 350
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