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
Crank
2 years ago
11

A year​ ago, the Really Big Growth Fund was being quoted at an NAV of ​$21.98 and an offer price of ​$22.90. ​Today, it's being

quoted at ​$24.19 ​(NAV) and ​$25.20 ​(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 ​$1.63 per​ share? Assume that none of the dividends and capital gains distributions are reinvested into the fund. ​(​Hint: ​You, as an​ investor, buy fund shares at the offer price and sell at the​ NAV.)
Business
1 answer:
Allisa [31]2 years ago
5 0

Answer:

12.75%

Explanation:

Given that

Net assets value = $24.19

Dividend and capital gain distribution = $1.63

Offer price = $22.90

The computation of Holding period return is shown below:-

= (Net assets value + Dividend and capital gain distribution - Offer price) ÷ Offer price

= ($24.19 + $1.63 - $22.90) ÷ $22.90

= $2.90 ÷ $22.90

= 12.75%

So, for computing the holding period return we simply applied the above formula.

You might be interested in
Roberta, the computer department manager at IT Mart, is considering whether to use a group to develop a plan to help employees s
Alenkinab [10]
I believe D is the answer
Hope this helps!
5 0
3 years ago
Capital and drawings are classified as ​
VMariaS [17]

Answer:

Since the capital account and owner's equity accounts are expected to have credit balances, the drawing account (having a debit balance) is considered to be a contra account. In addition, the drawing account is a temporary account since its balance is closed to the capital account at the end of each accounting year.

Explanation:

Please Mark me brainliest

6 0
3 years ago
Katherine mailed Paul an offer with definite and certain terms and that was legal in all respects stating that it was good for10
jok3333 [9.3K]

Answer:

The correct answer is : Yes, the offer was revoked by Katherine.

Explanation:

Even if Paul replied Katherine with the acceptance to the first offer, he used a different means of communication to do that -<em>e-mail v. mail</em>. In addition, Katherine sent the revoke by mail -<em>as in the initial offer</em>- before Paul sent his e-mail. So, there is enough proof on Katherine's end that she didn't want to proceed with the offer before Paul confirmed his agreement on the terms. In that sense, Katherine did revoke the initial order.

5 0
3 years ago
Sponsorship is an effective marketing strategy, particularly for sporting goods and recreational equipment.
Kitty [74]

Answer:true

Explanation: just took the test

5 0
3 years ago
Tutak Industries issued a $1,000 face value bond a number of years ago that will mature in eight years. Similar bonds are yieldi
s2008m [1.1K]

Answer: The coupon rate is 13%

Explanation:

We would first calculate the Coupon Payment and then later using the coupon payment we would compute the Coupon rate.

PV = \frac{FV}{(1+r)^{N} } + A [[\frac{1-\frac{1}{(1+r)^{N} } }{r} ]]

Where,

FV = $1,000

PV = $1,291.31

r = 8%

N = 8 Years

A = Coupon Payment

1291.31 = \frac{1000}{(1+0.08)^{8} } + A [\frac{1-\frac{1}{(1+0.08)^{8} } }{0.08} ]

Solve for A

A = 130.69

The coupon payment is $130

Coupon rate = (Coupon payment / Face value) x 100

                     = \frac{130}{1000} x 100

                     = 13 %

7 0
3 years ago
Other questions:
  • Ben works at a top accounting firm in Salt Lake City and his responsibilities include developing reports for each salesperson, p
    11·1 answer
  • Which of the following statements are correct (Select all that apply): Select one or more: A. A balance sheet reports on investi
    6·1 answer
  • Samson and Sons purchased a 6-month insurance policy for $1,200 which covers the months July through December. Initially the ent
    5·1 answer
  • When one nation can produce a product at lower cost relative to another nation, it is said to have a(n) __________________ in pr
    10·1 answer
  • Kaelyn's mother, Judy, looks after Kaelyn's four-year-old twins so Kaelyn can go to work (she drops off and picks up the twins f
    10·1 answer
  • Provide an economic argument for why the U.S. is home to 25% of global prisoners.
    13·1 answer
  • 20 points
    15·1 answer
  • Product differentiation refers to: consumers who sort and group goods based on similar characteristics. firms who offer similar
    15·1 answer
  • Flax Corp. uses the direct method to prepare its Statement of Cash Flows. Flax's trial balances at December 31, 20X4 and 20X3, a
    9·1 answer
  • In the business cycle, which term best fits the labeled point on the graph?
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!