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Alla [95]
2 years ago
7

A mutual fund had NAV per share of $23.00 on January 1, 2016. On December 31 of the same year, the fund's NAV was $23.15. Income

distributions were $0.63, and the fund had capital gain distributions of $1.26. Without considering taxes and transactions costs, what rate of return did an investor receive on the fund last year
Business
1 answer:
Stella [2.4K]2 years ago
7 0

The rate of return did an investor receive on the fund last year is : 8.87%.

<h3>Rate of return</h3>

Using this formula

Rate of return=(Dec fund's NAV -Jan fund's NAV +Income distribution+Capital gain distribution)/Jan fund's NAV

Let plug in the formula

Rate of return = ($23.15 - $23.00 + $.63 + $1.26)/$23.00

Rate of return =$2.04/$23.00×100

Rate of return = 8.87%

Therefore the rate of return did an investor receive on the fund last year is : 8.87%.

Learn more about rate of return here:brainly.com/question/24301559

#SPJ1

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2 years ago
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Answer:Please refer to the explanations section

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Bank Reconciliation is a process where we reconcile Business's cash books Balances and Bank account Balance.

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Del Gato Clinic issued checks amounting to $1829 and The Bank has not processed these checks. This means Del Gato's Bank balance doesnot include the effect of these checks. The Bank account balance must be reduced by $1829

b. Dr Bank Charges expense $16

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Del Gato Clinic incurred an expense of $16 in Bank charges. Cashbook balance must reduced by $16.

c. Dr Bank (Bank account balance)   $476

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   Dr Bank (Cashbook balance)   $476

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Answer:

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