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VladimirAG [237]
3 years ago
13

A closed-end fund starts the year with a net asset value of $18.00. By year-end, NAV equals $18.40. At the beginning of the year

, the fund was selling at a 2.5% premium to NAV. By the end of the year, the fund is selling at a 5% discount from NAV. The fund paid year-end distributions of income and capital gains of $1.60. a. What is the rate of return to an investor in the fund during the year
Business
1 answer:
Ainat [17]3 years ago
5 0

Answer: 3.41%

Explanation:

Rate of return = (Change in price + Income and Gains) / Beginning price

Beginning Price = NAV * Premium

= 18 * ( 1 + 2.5%)

= $18.45

Ending Price

= NAV * Discount

= 18.40 * ( 1 - 5%)

= $17.48

Rate of Return = (( 17.48 - 18.45) + 1.60) / 18.45

= 3.41%

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Which of the following factors determines the structure, features, and functions of an information system used in a company?
makkiz [27]

Answer:

A) the competitive strategy

Explanation:

According to my research on information technology and hardware used, I can say that based on the information provided within the question this factor being described is called the competitive strategy. This is a strategy that is a long term plan of a particular company in order to gain competitive advantage over its competitors in the industry. This includes forming the system and it's features in the best way to compete with other companies.

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4 0
3 years ago
Liberty Corporation had net income of $120,000 during the year. Depreciation expense was $6,000. The following information is av
miss Akunina [59]

Answer:

$146,000

Explanation:

Net income $120,000

Add: depreciation expenses $6,000

Increase Accounts Receivable 10,000

Decrease Accounts Payable 15,000

Less                    $5,000        

(increase Accounts Receivable 10,000-

decrease Accounts Payable 15,000)

Net cash $146,000

Therefore the  amount that Liberty should report as net cash provided by operating activities in its statement of cash flows for the year will be $146,000

5 0
4 years ago
Frasquita acquired equipment from the manufacturer on 6/30/2021 and gave a noninterest-bearing note in exchange. Frasquita is ob
Sladkaya [172]

Answer:

$525,000

Explanation:

Calculation to determine what amount would it have recorded the equipment for on 6/30/2021

First step is to calculate the total interest for 10 months;

Based on the information given since the amount of $15,000 was the interest for 6 months in the year 2021 in which the note lasted for 10 months the total interest will be:

Total Interest = 10months/6months x $15,000 Total Interest=$25,000

Now let calculate 6/30/2021 Equipment

6/30/2021 Equipment=$550,000-$25,000

6/30/2021 Equipment=$525,000

Therefore what amount would it have recorded the equipment for on 6/30/2021 is $525,000

3 0
3 years ago
What is the wholesaling industry??
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Wholesaling is the opposite of retailing. In a wholesaling industry, goods or products are being sold, and distributed to retailers. The wholesalers receives large quantities of these products and they are the ones who sells these to the retailers which are then sold to consumers. Hope this answers your question.
4 0
4 years ago
How is future price related to current demand?
Alexxandr [17]

D. if the price is expected to rise, current demand will rise

i'm completely sure, I just took the quiz & got 100%. Hope I helped ^__^

3 0
4 years ago
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