Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 06, 2024

At the beginning of last year Thomas purchased 100 shares of the Web.com Fund at an NAV of $30.13 and automatically reinvested all distributions. As

At the beginning of last year Thomas purchased 100 shares of the Web.com Fund at an NAV of $30.13 and automatically reinvested all distributions. As a result of reinvesting, Thomas ended the year with 114 shares of the fund with an NAV of$ 41.34. What was his total return for the year on this investment?

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

Accounting Ledger Book

Accounting Ledger Book

Authors: Alpha Planners Publishing

1st Edition

B09VWKPJSG, 979-8432472564

More Books

Students also viewed these Finance questions

Question

★★★★★

EveryWhere Development Co. showed the following selected PPE balances on January 31, 2014: Van............................................................................................ $64,400...

Answered: 1 week ago

Question

★★★★★

2. Traditionally, health professionals have had more control over medical conversations than patients have had. What factors contribute to the prevalence of provider-centered communication? Describe...

Answered: 1 week ago

Question

★★★★★

Bienvenu Enterprises reported cost of goods sold for 2010 of $1,400,000 and retained earnings of $5,200,000 at December 31, 2010. Bienvenu later discovered that its ending inventories at December 31,...

Answered: 1 week ago

Question

★★★★★

At the beginning of last year Thomas purchased 100 shares of the Web.com Fund at an NAV of $30.13 and automatically reinvested all distributions. As a result of reinvesting, Thomas ended the year...

Answered: 1 week ago

Question

★★★★★

SML company provided the following budgeted costs data for 20,000 units: Variable costs Fixed costs Marufacturing $150,000 $70,000 Selling and Administrative $75,000 $15,600 Total $225,000 $85,600...

Answered: 1 week ago

Question

★★★★★

Problem 6. (10 POINTS) SIMPLE RANDOM SAMPLING This problem will test your basic understanding of simple random sampling. Let P = {1,...,N} be the target population, and S = {$1,..., sn} a simple...

Answered: 1 week ago

Question

★★★★★

Petrock Company disclosed the following amounts relating to its defined benefit pension plan at the end of 2019: Projected benefit obligation Fair value of plan assets $ 600,000 750,000 The balances...

Answered: 1 week ago

Question

★★★★★

Where in the World Is Timbuk2? Outsourcing, Offshoring, and Mass Customization 10.4135/9781526462381 What are the distribution channels that Timbuk2 use? Characterize each of the channels and their...

Answered: 1 week ago

Question

★★★★★

The sales manager at Westminster Sneakers, a company in the business simulation game, wants to increase the R&D budget to improve product quality. They believe this will increase sales level, as most...

Answered: 1 week ago

Question

★★★★★

Suppose you have just assumed leadership of a group with high cohesiveness and low performance norms. Which of these actions might be good options for you to improve the situation you are facing?...

Answered: 1 week ago

Previous Question Next Question