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An the beginning of the year, an open-end fund had $750M in assets, $100M in debt, and 15M shares. Over the course of the year,
An the beginning of the year, an open-end fund had $750M in assets, $100M in debt, and 15M shares. Over the course of the year, the assets grew by 20%, the debt grew by 10%, and the number of shares is now 17M. Investors in the fund received $0.20 in dividend and $0.30 in cash redistribution. a) What was the initial NAV? b) What is the final NAV? c) What the HPR for investors for that year
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