Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Good Pick Closed-End Fund turned in the following performance for the year 2019: a. Based on this information, what was the NAV-based HPR for

image text in transcribed
image text in transcribed
The Good Pick Closed-End Fund turned in the following performance for the year 2019: a. Based on this information, what was the NAV-based HPR for the GPCEF in 2019? b. Find the percentage (%) premium or discount at which the fund was trading at the beginning of the year and at the end of the year. Note: For a discount enter a negative value c. What was the market-based HPR for the fund in 2019? Did the market premium or discount add to or hurt the holding period return on this CEF? Explain. a. The NAV-based HPR for the GPCEF in 2019 is 10% (Round to two decimal places) b. The premium (or discount) at the beginning of the period was % (Round to two decimal places. Enter a premium as a positive number and a dincount as a negative number) The premium (or discount) at the end of the period was % (Round to two decimal places. c. The market-based HPR for the fund in 2019 - 1% (Round to two decimal places.) The market premium the purchase price, and the market discount the sale price. Therefore, it the investor's holding period retum (Select from the drop-down menus) The Good Pick Closed-End Fund turned in the following performance for the year 2019: a. Based on this information, what was the NAV-based HPR for the GPCEF in 2019? b. Find the percentage (%) premium or discount at which the fund was trading at the beginning of the year and at the end of the year. Note: For a discount enter a negative value. c. W return riod Data Table a. The b. TH positi The (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Item Beginning of the Year End of the Year NAV $751 $9.29 Market price of the fund shares $7.83 $9.08 Dividends paid over the year $0.00 $1.34 Capital gains distributed over the year $0.00 $0.95 c. The The Print Done Enter your answer in each of the answer boxes

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 Investing

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

12th edition

978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359

More Books

Students also viewed these Finance questions

Question

2. Identify the four strategic elements of the marketing mix.

Answered: 1 week ago