FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. You purchased $10,000 worth of Chan's Midcap closed Value Fund at $ 24.5 and NAV 23.5 . The fund is a no load fund.

image text in transcribed
1. You purchased $10,000 worth of Chan's Midcap closed Value Fund at $ 24.5 and NAV 23.5 . The fund is a no load fund. During the past 12 month, the fund distributed $0.45 in dividends and the current NAV is $25.35 but the market price is 20. What is your return last year? what is your return

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

Options Trading For Beginners How To Generate Predictable Income And Make A Living Without Taking Big Risks Even If You Re A Complete Beginner

Options Trading For Beginners How To Generate Predictable Income And Make A Living Without Taking Big Risks Even If You Re A Complete Beginner

Authors: Greg Middleton

1st Edition

979-8866955046

More Books

Students also viewed these Finance questions

Question

To understand the Racketeer Influenced and Corrupt Organizations (RICO) Act and how it works against organized crime.

Answered: 1 week ago

Question

★★★★★
McDonalds has an undeviating policy of retaining absolute control over who receives new franchises. McDonalds granted to Copeland a franchise in Omaha, Nebraska. In a separate letter, it also granted...

Answered: 1 week ago

Question

★★★★★
1. You purchased $10,000 worth of Chan's Midcap closed Value Fund at $ 24.5 and NAV 23.5 . The fund is a no load fund. During the past 12 month, the fund distributed $0.45 in dividends and the...

Answered: 1 week ago

Question

★★★★★
What is the yield to maturity on an 10-year, 7-percent bond that pays interest semi-annually, which is now priced at $986 ? Use a financial calculator. 3.60 percent 7.01 percent 7 percent 7.20 percent

Answered: 1 week ago

Question

★★★★★
21. Davis Corporation expects the following transactions in 20X3. Their first year of operations: Sales (90% collectible in 20X3). P1,500,000 Bad debt write-offs...... 60,000 Disbursements of costs...

Answered: 1 week ago

Question

★★★★★
Question 5 [9 marks] Bronson, a successful fund manager at a well-known trust fund firm, has more than 15 years of experience under his belt. He has managed as significant as $500 million worth of...

Answered: 1 week ago

Question

★★★★★
*\ Headset manufactures headphone cases. During September 2024, the company produced and sold 106,000 cases and recorded the following cost data: (Click the icon to view the cost data.) Read the...

Answered: 1 week ago

Question

★★★★★
The following table gives the willingness to pay for cars for eight individuals. There is a constant marginal cost of 30 to produce a car. Assume there are no fixed costs and that each individual...

Answered: 1 week ago

Question

★★★★★
Discussion Post # 1 based on Bharati Case: Please discuss the Statement..."Bharti's executives discovered a slew of unexpected challenges in Africa."

Answered: 1 week ago

Previous Question Next Question