Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need the answer as soon as possible On 01-07-2016, Mr. X Invested 50,000/- at initial offer in Mutual Funds at a face value of
I need the answer as soon as possible
On 01-07-2016, Mr. X Invested 50,000/- at initial offer in Mutual Funds at a face value of 10 each per unit. On 31-03-2017, a dividend was paid @ 10% and annualized yield was 120%. On 31-03-2018, 20% dividend and capital gain of 0.60 per unit was given. Mr. X redeemed all his 6271.98 units when his annualized yield was 71.50% over the period of holding. Calculate NAV as on 31-03-2017, 31-03-2018 and 31-03-2019. For calculations consider a year of 12 monthsStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started