A year ago, an investor bought 200 shares of a mutual fund at $7.58 per share. This year, the fund has paid dividends of $0.71 per share and had a capital gains distribution of $0.53 per share. a. Find the investor's holding period return, given that this no-load fund now has a net asset value of $8.19. b. Find the holding period return, assuming all the dividends and capital gains distributions are reinvested into additional shares of the fund at an average price of $7.87 per share. a. Given that this no-load fund now has a net asset value of $8.19, the investor's holding period return is 24.41'%. (Round to two decimal places.) b. Assuming all the dividends and capital gains distributions are reinvested into additional shares of the fund at an average price of $7.87 per share, the holding period return is %. (Round to two decimal places.)

A year ago, an investor bought 200 shares of a mutual fund at $7.58 per share. This year, the fund has paid dividends of $0.71 per share and had a capital gains distribution of $0.53 per share. a. Find the investor's holding period return, given that this no-load fund now has a net asset value of $8.19. b. Find the holding period return, assuming all the dividends and capital gains distributions are reinvested into additional shares of the fund at an average price of $7.87 per share. a. Given that this no-load fund now has a net asset value of $8.19, the investor's holding period return is 24.41'%. (Round to two decimal places.) b. Assuming all the dividends and capital gains distributions are reinvested into additional shares of the fund at an average price of $7.87 per share, the holding period return is %. (Round to two decimal places.)

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)

6th Edition

ISBN:9781337117005

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 8FPE

See similar textbooks

Similar questions

A year ago, an investor bought 100 shares of a mutual fund at $7.64 per share. This year, the fund has paid dividends of $0.71 per share and had a capital gains distribution of $0.52 per share. a. Find the investor's holding period return, given that this no-load fund now has a net asset value of $8.13. b. Find the holding period return, assuming all the dividends and capital gains distributions are reinvested in additional shares of the fund at an average price of $7.76 per share. a. Given that this no-load fund now has a net asset value of $8.13, the investor's holding period return is %. (Round to two decimal places.)
A year ago, an investor bought 400 shares of a mutual fund at $7.52 per share. This year, the fund has paid dividends of $0.77 per share and had a capital gains distribution of $0.53 per share. a. Find the investor's holding period return, given that this no-load fund now has a net asset value of $8.15. b. Find the holding period return, assuming all the dividends and capital gains distributions are reinvested into additional shares of the fund at an average price of $7.82 per share.
A year ago, an investor bought 500 shares of a mutual fund at $7.61 per share. This year, the fund has paid dividends of $0.75 per share and had a capital gains distribution of $0.46 per share. a. Find the investor's holding period return, given that this no-load fund now has a net asset value of $8.29. b. Find the holding period return, assuming all the dividends and capital gains distributions are reinvested into additional shares of the fund at an average price of $7.85 per share. Grrr a. Given that this no-load fund now has a net asset value of $8.29, the investor's holding period return is%. (Round to two decimal places.)
A year ago, an investor bought 100 shares of a mutual fund at $7.50 per share. This year, the fund paid dividends of $0.75 per share capital gains of $0.50 per share. a. Find the investor's holding period return, given that this no-load fund now has a net asset value of $8.20. b. Find the holding period return, assuming all the dividends and capital gains distributions are reinvested into additional shares of the fund at an average price of $7.75 per share.
Now imagine that you bought a mutual fund that had a beginning NAV of $10 per share. It paid dividends of $0.50 and distributed capital gains of $0.75. After one year, the ending NAV is $9.50.What is your total return?
A year ago, an investor bought 200 shares of a mutual fund at $9.50 per share. Over the past year, the fund has paid dividends of $0.80 per share and had a capital gains distribution of $0.50 per share. Find the investor's holding period return, given that this no-load fund now has a net asset value of $10.70. Select one: O a. 2.63% O b. 2.34% O c. 26.32% d. 23.36% e. 20.00%
RACE Mutual fund is a no-load fund that had a net asset value of $25.60 1 year ago. Today, the net asset value (NAV) is $28.83. During the year, dividends of $0.72 were paid out, and a capital gain distribution of $0.65 was made. Calculate the approximate yield for RACE. (Show all work.)
Assume that one year ago, you bought 210 shares of a mutual fund for $24 per share and that you received an income dividend of 50.31 cents per share and a capital gain distribution of $1.04 per share during the past 12 months. Also assume the market value of the fund is now $26.50 a share. Calculate the total return for this investment if you were to sell it now.
About a year ago, Eric Robertson bought some shares in the Diamond Mountain Mutual Fund. He bought the fund at $25.50 a share, and it now trades at $26.30. Last year, the fund paid dividends of $0.72 a share and had capital gains distributions of $2.50 a share. Assume that the mutual fund distributed the dividends and capital gains at the end of the year. Using the approximate yield formula, what rate of return did Eric earn on his investment? Round the answer to two decimal places. % Repeat the calculation using a handheld financial calculator. Round the answer to two decimal places. % What rate of return would he have earned if the stock had risen to $30 a share? Round the answer to two decimal places. %
Suppose at the start of the year, a no-load mutual fund has a net value of RM27.15 per share. During the year, it pays its shareholders a capital gain and dividend distribution of RM1.12 per share and finishes the year with NAV of RM30.34. Required: a. b. If at the end of the year, the fund is selling is selling at 5% discount, what is the rate of return? C. What is the return to an investor who holds 2000 shares of this fund in his retirement account? d. Differentiate between open end and closed end funds. Assume at the end of year, the company change its policy and charge. 12b-1 fees of 2%, What is the rate of return?
Assume that one year ago, you bought 220 shares of a mutual fund for $25 per share and that you received an income dividend of $0.32 cents per share and a capital gain distribution of $1.05 per share during the past 12 months. Also assume the market value of the fund is now $27.50 a share. Calculate the total return for this investment if you were to sell it now. Round answer to 2 decimal places.
An investor purchases a mutual fund share for $100.2. The fund pays dividends of $2.2, distributes a capital gain of $1.1, and charges a fee of $3 when the fund is sold one year later for $95.3. What is the net rate of return from this investment? (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))