1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Rom4ik [11]
2 years ago
5

A year​ ago, the Really Big Growth Fund was being quoted at an NAV of ​$22.28 and an offer price of ​$23.45. ​Today, it's being

quoted at ​$24.67 ​(NAV) and ​$25.97 ​(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 ​$1.09 per​ share? Assume that none of the dividends and capital gains distributions are reinvested into the fund.
Business
1 answer:
Crank2 years ago
4 0

Answer:

9.85%

Explanation:

Data provided in the question:

Initial Offer price = ​$23.45

Current NAV = ​$22.28

Dividends and capital gains distributions over the year  = $1.09 per​ share

Now,

Holding period return

= [Current NAV + Dividends and capital gains distributions - Initial Offer price ] ÷ Initial Offer price

= [ $24.67 + $1.09 - $23.45 ] ÷ $23.45

= $2.31 ÷ $23.45

= 0.0985

or

= 0.0985 × 100%

= 9.85%

You might be interested in
Something that credit card commercials don't show you is . ...
ICE Princess25 [194]

The Credit card Commercials do not usually reveal

people making payments for month/year on the credit card purchase.

<h3>What is the usage of commercial credit card?</h3>

A commercial card is a credit card provided by employers to their workers to be used for business transactions.

Commercial cards, which are frequently provided as corporate branded cards with merchants, assist businesses in managing their spending by consolidating all charges made by employees into a single location. What the credit card commercials do not reveal is people making payments on the credit card purchase.

Learn more about credit card here

brainly.com/question/26867415

#SPJ1

5 0
2 years ago
Listening involves understanding what is heard true false ?
8090 [49]

Answer:

true

Explanation:

8 0
2 years ago
Dr. Ricci gave two examples of excellence in guest service from which organizations?
e-lub [12.9K]
The government and the authority’s
4 0
3 years ago
Read 2 more answers
Imagine an economy in which: (1) pieces of paper called yollars are the only thing that buyers give to sellers when they buy goo
Tomtit [17]
<span>Imagine an economy in which:
(1) pieces of paper called yollars are the only thing that buyers give to sellers when they buy goods and services, so it would be common to use, say, 50 yollars to buy a pair of shoes;
(2) prices are posted in terms of yardsticks, so you might walk into a grocery store and see that, today, an apple is worth 2 yardsticks; and
(3) yardsticks disintegrate overnight, so no yardstick has any value for more than 24 hours.

In this economy, the yardstick is a unit of account but it cannot serve as a store of value.</span>
4 0
3 years ago
Which of the following refers to a process of developing distribution​ objectives, evaluating internal and external environmenta
german

Answer:

The correct answer is E. Distribution planning.

Explanation:

Distribution planning refers to the development of objectives from production to putting the product on the counter. This process includes the entire chain from when the raw material to produce is entered, and the logistics necessary to transport the product to the final supplier. This process must evaluate external and internal problems in order to make it as expeditious as possible and the times are met in order to avoid product shortages.

5 0
3 years ago
Other questions:
  • What type of report must accompany claims when an unusual, new, seldom used, or category i unlisted code or category iii code is
    8·1 answer
  • Researching investments online can be valuable because:
    7·1 answer
  • A greenfield venture may be too slow to establish a sizable presence when multiple choice organizationally embedded competencies
    10·1 answer
  • Jennifer has $10 to spend on tomatoes and cheese. The price of a pound of tomatoes is $2 and the price of a pound of cheese is $
    6·1 answer
  • Before setting your prices, it's wise to A. subtract your profit margin from your costs. B. research industry standards. C. memo
    8·2 answers
  • Governments may intervene in a market economy in order to
    11·2 answers
  • What did the economist A.C. Pigou think the relationship was between advertising and monopolistic competition? A.C. Pigou though
    8·1 answer
  • Which of the following statements about minimum payments is incorrect?
    8·2 answers
  • Joey’s parents told him that for every 3 hours of chores he completes, they would give him $11 for his allowance. His friend Sar
    11·1 answer
  • Match the method of exchanging information with its description
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!