Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Here is the per-share performance record of the Abacus Growth-and-Income fund for 2017 and 2016: 2017 2016 1. Net asset value, beginning of period: $75.73

Here is the per-share performance record of the Abacus Growth-and-Income fund for 2017 and 2016:

2017 2016
1. Net asset value, beginning of period: $75.73 $70.00
2. Income from investment operations:
3. Net investment income $ 1.51 $ 1.26
4. Net gains on securities (realized and unrealized) 9.84 11.20
5. Total income from investment operations $11.35 $12.46
6. Less distributions:
7. Dividends from net investment income ($0.68) ($0.57)
8. Distributions from realized gains (5.41) (6.16)
9. Total distributions (6.09) (6.73)
10. Net asset value, end of period: $80.99 $75.73

Use this information to find the rate of return earned on this fund in 2016 and in 2017. Round the answers to two decimal places. Do not round intermediate calculations.

2016 %
2017 %

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

Fundamentals Of Institutional Asset Management

Authors: Frank J Fabozzi, Francesco A Fabozzi

1st Edition

9811220034, 9789811220036

More Books

Students also viewed these Finance questions

Question

14.4 Analyze in detail three basic causes of accidents.

Answered: 1 week ago