Question
Fidelity Contra fund (FCNTX) portfolio managers are very valuation conscious in their stock selection. If there aren't enough attractive investment opportunities, they let cash build
Fidelity Contra fund (FCNTX) portfolio managers are very valuation conscious in their stock selection. If there aren't enough attractive investment opportunities, they let cash build in the mutual fund. This at times may cause performance drag in when markets rally, but favourable risk-adjusted returns in a declining market. FCNTX pays mutual fund shareholders once a year in December. You currently own 1,025 shares in FCNTX in a taxable investment account. On December 27, 2018, YAFFX distributed: $ 0.311 dividends per share $3.6276 long-term capital gains per share If your federal income tax rate is , what is your tax liability for
a.
b.
c.
d.
Fidelity Contra fund (FCNTX) portfolio managers are very valuation conscious in their stock selection. If there aren't enough attractive investment opportunities, they let cash build in the mutual fund. This at times may cause performance drag in when markets rally, but favourable risk-adjusted returns in a declining market. FCNTX pays mutual fund shareholders once a year in December. You currently own 1,025 shares in FCNTX in a taxable investment account. On December 27, 2018, YAFFX distributed: $ 0.311 dividends per share $3.6276 long-term capital gains per share If your federal income tax rate is , what is your tax liability for
a.
b.
c.
d.
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Financial Management Theory and Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
2nd Canadian edition
176517308, 978-0176517304
