The following are the April 1st prices for Manulife Trimark Global Fundamental Equity Fund.
Date | Adjusted Closing Price |
Apr-2015 | 15.6611 |
Apr-2016 | 15.3931 |
Apr-2017 | 18.7517 |
Apr-2018 | 19.1819 |
Apr-2019 | 21.3294 |
Question 63 (1 point)
What was the annual percentage return for the period of years 2015 to 2016 for this mutual fund? (1 Mark)
Question 63 options:
-1.71% |
|
21.82% |
|
2.29% |
|
11.20% |
|
None of the Above |
Question 64 (1 point)
Saved
What was the annual percentage return for the period of years 2016 to 2017 for this mutual fund? (1 Mark)
Question 64 options:
-1.71% |
|
21.82% |
|
2.29% |
|
11.20% |
|
None of the Above |
Question 65 (1 point)
What was the annual percentage return for the period of years 2017 to 2018 for this mutual fund? (1 Mark)
Question 65 options:
-1.71% |
|
21.82% |
|
2.29% |
|
11.20% |
|
None of the Above |
Question 66 (1 point)
What was the annual percentage return for the period of years 2018 to 2019 for this mutual fund? (1 Mark)
Question 66 options:
-1.71% |
|
21.82% |
|
2.29% |
|
11.20% |
|
None of the Above |
Anne has invested $1,500 in this fund on April 1st, 2015, how many units would she own? (1 Mark)
Question 67 options:
95.78 |
|
97.45 |
|
79.99 |
|
78.20 |
|
None of the Above |
Question 68 (2 points)
She then decides to sell these funds on April 1st, 2019. How much would be her capital gains (or loss) be from her investment (dollar terms)?
Question 68 options:
$552.35 |
|
$453.42 |
|
$443.25 |
|
$542.90 |
|
None of the Above |
Question 69 (2 points)
What would have been her percentage capital gain (or loss) from her investment?
Question 69 options:
36.19% |
|
-1.71% |
|
19.73% |
|
22.48% |
|
None of the Above |
Question 70 (2 points)
What would be her average annual rate of return from her investment?
Question 70 options:
4.606% |
|
5.200% |
|
8.029% |
|
-0.431% |
|
None of the Above |
Solution
63. % Return= (Closing value for year X/Closing value for Year(X-1))-1
For year 2015-16
Return= 15.3931/ 15.6611-1= -1.71%
64. 2016-2017
% Return= 18.7517/15.3931-1= 21.82%
65. 2017-2018
Return= 19.1819/18.7517-1= 2.29%
66. 2018-19
Return= 21.3294/ 19.1819-1=11.20%
67 Amount invested= $1500
Number of units= Amount invested/Price of 1 unit= 1500/15.6611= 95.78 units
68 Price of unit in 2019= 21.3294
Total selling price = Number of units* Price of 1 unit in 2019= 95.78*21.3294= 2042.902
Capital Gain= 2042.902-1500= $542.9
69. Capital Gain on investment= 2042.902/1500-1= 36.19%
70. Average annual rate of Return= 36.19/4= 9.04%
None of these is the answer
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