Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chapter 16. Assume that one year ago, you bought 140 shares of a mutual fund for $18 per share and that you received an income

Chapter 16.
image text in transcribed
Assume that one year ago, you bought 140 shares of a mutual fund for $18 per share and that you received an income dividend of $014 cents per share and a capital gain distribution of $0.23 cents per share during the past 12 months. Also assume the market value of the fund is now $22 a share Calculate the total return for this investment if you were to sell it now (Negative emount should be indiceted by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places Assume that one year ago, you bought 210 shares of a mutual fund for $20 per share and that you received an income dividend of $0.22 cents per share and a capital gain distribution of $0.30 cents per share during the past 12 months. Also assume the market value of the fund is now $23 a share. Calculate the percentage of total return for your $4.200 investment. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal pleces 2013 $ 9,300$56 2014 9,300 2015 2016 9,300 48 41 34 9.300 (a) At the end of four years, what is the total amount invested? (b) At the end of four years, what is the total number of mutual tund shares purchased Round your intermediate calculetions and answer to 4 decimal pleces) (c) At the end of four years what is the cost

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

Investments An Introduction

Authors: Herbert B Mayo

9th Edition

324561385, 978-0324561388

More Books

Students also viewed these Finance questions