rate of return?

rate of return?

CI A closed-end fund starts the year with a net asset value of $26.00. By year-end, NAV equals $26.40. At the beginning of the year, the fund was selling at a 1% premium to NAV. By the end of the year, the fund is selling at a 55% discount from NAV The fund paid year-end distributions of Income and capital gains of $200. o. What is the rate of return to an investor in the fund during the year? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Rate of return 2.62% b. What would have been the rate of return to an investor who held the same securities as the fund manager during the year? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Rate of return Check my Consider a mutual fund with $360 million in assets at the start of the year and 10 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end of the year of $17 million. The stocks included in the fund's portfolio Increase in price by 10%, but no securities are sold and there are no capital gains distributions. The fund charges 126-1 fees of 75%, which are deducted from portfolio assets at year-end o. What is the fund's net asset value at the start and end of the year? (Round your answers to 2 decimal places.) Start of the year End of the year Net Asset Value $ 36.00 s 39 60 b. What is the rate of return for an investor in the fund? (Round your intermediate calculations to 3 decimal places and final answer to 2 decimal places.) Rate of return 76 Problem 4-19 Loaded-Up Fund charges a 125-1 fee of 100% and maintains an expense ratio of 075%, Economy Fund charges a front-end load of 20%, but has no 125-1 fee and an expense ratio of 0.25%. Assume the rate of return on both funds portfolios (before any fees) i 12% per year. How much will an investment of $1,000 in each fund grow to after: (Round your answers to 2 decimal places.) Loaded Up Fund Economy Fund a. 1 year b. 3 years c. 10 years