Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You invested $45,000 in a mutual fund at the beginning of the year when the NAV was $47.81. At the end of the year, the

You invested $45,000 in a mutual fund at the beginning of the year when the NAV was $47.81. At the end of the year, the fund paid $.31 in short-term distributions and $.48 in long-term distributions. If the NAV of the fund at the end of the year was $50.26, what was your return for the year?

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_2

Step: 3

blur-text-image_3

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

Sports Finance And Management Real Estate Entertainment And The Remaking Of The Business

Authors: Jason A. Winfree, Mark S. Rosentraub, Brian M Mills

1st Edition

1439844712, 9781439844717

More Books

Students also viewed these Finance questions