Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
You invested in the no-load Best Mutual Fund one year ago by purchasing 700 shares of the fund at the net asset value of $19.31
You invested in the no-load Best Mutual Fund one year ago by purchasing 700 shares of the fund at the net asset value of $19.31 per share. The fund distributed dividends of $2.08 and capital gains of $2.02. Today, the NAV is $20.95. What was your holding period return? Your holding period return was 8.52 %. (Round to two decimal places.)
You invested in the no-load Best Mutual Fund one year ago by purchasing 700 shares of the fund at the net asset value of $19.31 per share. The fund distributed dividends of $2.08 and capital gains of $2.02. Today, the NAV is $20.95. What was your holding period return? Your holding period return was 8.52 %. (Round to two decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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