Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An open-end mutual fund has the following stocks: Stock A: Shares=5,000 Price: $50 Stock A: Shares=10,000 Price: $75 Stock A: Shares=8,000 Price: $90 Stock A:
An open-end mutual fund has the following stocks: Stock A: Shares=5,000 Price: $50 Stock A: Shares=10,000 Price: $75 Stock A: Shares=8,000 Price: $90 Stock A: Shares=20,000 Price: $110 a) If there are 40,000 shares of the mutual fund, what is the NAV? b) if at the begging of the year, you bough 1000 shares of this fund at NAV price no load fund) ( the value you just found from from question a!):At the end of the year, the fund this fund distributed $1.5 per share in short-term earnings, and 45 per share in long-term earnings: The end of year NAV as $96 per share. What was your annual rate of this investment
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