Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A year ago, an investor bought 600 shares of a mutual fund at $8.56 per share. Over the past year, the fund has paid dividends

image text in transcribed

A year ago, an investor bought 600 shares of a mutual fund at $8.56 per share. Over the past year, the fund has paid dividends of S0.86 per share and had a capital gains distribution of S0.69 per share a. Find the investor's holding period return, given that this no-load fund now has a net asset value of $9.24 b. Find the holding period return, assuming all the dividends and capital gains distributions are reinvested into additional shares of the fund at an average price of $8.87 per share a Given that this no-load fund now has a net asset value of $9.24, the investors holding period return is % Round to two dec mal places

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

Entrepreneurial Finance Finance For Small Business

Authors: Philip J. Adelman

1st Edition

0138129835, 9780138129835

More Books

Students also viewed these Finance questions