Question
A year ago, the Vanguard Consumer Staples Index Fund (VCSAX) was being quoted at a NAV of $51.02 and an offer price of $55.76. Today,
A year ago, the Vanguard Consumer Staples Index Fund (VCSAX) was being quoted at a NAV of $51.02 and an offer price of $55.76. Today, its being quoted at a NAV of $62.36 and an offer of $65.54. What is the percent holding period return on this front-load fund, given that it was purchased a year ago and that its dividends and capital gains distributions over the year have totaled $0.03 per share?
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
Multinational financial management
Authors: Alan c. Shapiro
10th edition
9781118801161, 1118572386, 1118801164, 978-1118572382
