Question

One year ago, you invested $50,000 in the Triple Tops Equity Income Fund and signed up...

  1. One year ago, you invested $50,000 in the Triple Tops Equity Income Fund and signed up for the automatic reinvestment of any income received. At the time the fund had a NAV $35. Today, the NAV is $38. During the year, it paid dividends of 2.10 per share and distributed capital gains of $.40 per share.
    1. If new shares were purchased at an average price of $40, what was your return during the year?
  1. What would your return have been had you not reinvested your income?
Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
You invested in the​ no-load OhYes Mutual Fund one year ago by purchasing 700 shares of...
You invested in the​ no-load OhYes Mutual Fund one year ago by purchasing 700 shares of the fund at the net asset value of ​$25.46 per share. The fund distributed dividends of ​$2.67 and capital gains of ​$2.12. ​Today, the NAV is ​$27.15. What was your holding period​ return? Your holding period return was _​%. ​
1.You invested in the​ no-load OhYes Mutual Fund one year ago by purchasing 800 shares of...
1.You invested in the​ no-load OhYes Mutual Fund one year ago by purchasing 800 shares of the fund at the net asset value of ​$25.75 per share. The fund distributed dividends of ​$1.81 and capital gains of ​$1.64. ​Today, the NAV is ​$26.84. If OhYes was a load fund with a 2​% ​front-end load, what would be the​ HPR? 2.One year​ ago, Super Star​ Closed-End Fund had a NAV of​$10.38 and was selling at​ a(n) 16% discount.​ Today, its NAV...
You invested in the? no-load OhYes Mutual Fund one year ago by purchasing 600 shares of...
You invested in the? no-load OhYes Mutual Fund one year ago by purchasing 600 shares of the fund at the net asset value of ?$ 24.51 per share. The fund distributed dividends of ?$2.11 and capital gains of ?$1.58. ?Today, the NAV is ?$26.20. If OhYes was a load fund with a 3.5?% ?front-end load, what would be the? HPR?
A year​ ago, the Really Big Growth Fund was being quoted at an NAV of ​$21.63...
A year​ ago, the Really Big Growth Fund was being quoted at an NAV of ​$21.63 and an offer price of ​$22.77. ​Today, it's being quoted at ​$23.56 ​(NAV) and ​$24.80 ​(offer). What is the holding period return on this load​ fund, given that it was purchased a year ago and that its dividends and capital gains distributions over the year have totaled ​$1.38 per​ share? Assume that none of the dividends and capital gains distributions are reinvested into the...
You bought Giant Growth Fund a year ago when it had a NAV of $21.50. The...
You bought Giant Growth Fund a year ago when it had a NAV of $21.50. The fund has a 3% front-end load. Today the fund is quoted at a NAV of $23.04 and an offer price of $23.73. Dividends and capital gains distributions over the year have totaled $1.05 per share. Calculate your HPR. Recalculate your HPR if this were a no-load fund.
Three years? ago, you invested in the Future Investco Mutual Fund by purchasing 1,000 shares of...
Three years? ago, you invested in the Future Investco Mutual Fund by purchasing 1,000 shares of the fund at the price of $ 19.51 per share. Because you did not need the? income, you elected to reinvest all dividends and capital gains distributions. ? Today, you sell your 1,100 shares in this fund for ?$22.02 per share. If there were a 1?% load on this? fund, what would your rate of return? be? The compounded rate of return on this...
You invested $10,000 in a mutual fund 18 months ago when the NAV of the fund...
You invested $10,000 in a mutual fund 18 months ago when the NAV of the fund was $40. You have not acquired or sold any shares since that time. Today, the NAV is $32. The fund charges a contingent deferred sales charge of 5 percent the first year with the charge decreasing by 1 percent each year. How much money will he receive if he redeems his shares today
1. One year ago, Super Star Closed-End Fund had a NAV of $10.40 and was selling...
1. One year ago, Super Star Closed-End Fund had a NAV of $10.40 and was selling at an 18% discount.    Today, its NAV is $11.60 and is priced at a 4% premium. During the year, the fund paid dividends of $.40 per share and had a capital gain distribution of $.95 per share. A. Calculate Super Star's NAV-based HPR for the year. B. Calculate Super Star's market-based HPR for the year. C. Recalculate Super Star's market-based HPR for the year,...
My how time flies! A year ago, Will purchased 100 shares of a sector fund for...
My how time flies! A year ago, Will purchased 100 shares of a sector fund for $12.75 per share. Today, its current NAV is $16.75 per share. During the year that Will owned his shares, the fund paid a total of $0.75 in dividends and realized $0.25 in capital gains. What is Will’s total return from this investment during his one-year holding period? A. 31.37% B. 39.22%
A year ago, the Vanguard Consumer Staples Index Fund (VCSAX) was being quoted at a NAV...
A year ago, the Vanguard Consumer Staples Index Fund (VCSAX) was being quoted at a NAV of $51.02 and an offer price of $55.76. Today, it’s being quoted at a NAV of $62.36 and an offer of $65.54. What is the percent holding period return on this front-load fund, given that it was purchased a year ago and that its dividends and capital gains distributions over the year have totaled $0.03 per share?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT