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
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%

You might be interested in
Tamarisk Corporation purchased a truck by issuing an $118,400, 4-year, zero-interest-bearing note to Equinox Inc. The market rat
lianna [129]

Answer:

Dr. Truck                $80,869

CR. Note Payable $80,869

Explanation:

Note issued is a liability instrument. It is a promise of payment f principal amount and interest after a specific period of time. Zero interst interest bearing not does not offer any interest payment but it is issued at a discounted price . Present value of Note payable is the value that should be recognised as a cost of the truck.

Now calculate the present value of the Note.

PV of Zero coupon bond = FV / ( 1 + r )^n

Where

FV = FV maturity value of the note = $118,400

r = Interest rate = 10%

n=  numbers of period = 4 years

Placing Values in the formula

PV of Zero coupon bond = $118,400 / ( 1 + 10% )^4

PV of Zero coupon bond = $80,869

5 0
3 years ago
What happens if you get pulled over without insurance?.
ehidna [41]

Answer:

It depends on which state you are in. In Michigan if you operate a motor vehicle on state roadways and you don't have car insurance, you could face the following: Driver's license and registration suspension. Up to one year in jail. Fines and fees up to $500.

Explanation:

4 0
2 years ago
Suppose that the adult population in the country of Atlantis is 140 million. If 90 million people are employed and 10 million ar
Lelu [443]

Let's assume that Atlantis has 140 million adult residents. If there are 90 million employed people and 10 million unemployed people, that leaves 40 million people out of the labor force.

What does the term "labor force" mean?

All people who meet the criteria for inclusion among the employed or unemployed make up the labor force, also known as the population that is currently engaged in labor-force activities. The term "employed" refers to people who work for pay or profit at least one hour per week or who hold a job but are momentarily off the clock due to illness, vacation, or a strike. The armed forces include anyone who served in the armed forces during the time in question, whether they were stationed in the metropolitan territory or elsewhere, and was selected from the pool of all workers available.

Know more about unemployed people visit:

brainly.com/question/13546318

#SPJ4

6 0
1 year ago
​Paul, the HR​ manager, works in the Townsville plant and reports to the plant manager​ there, but he also reports to the corpor
xxMikexx [17]

Answer:

Letter B is correct. Unity of command.

Explanation:

Unity of command is defined as t<u>he importance of respecting hierarchy within an organization.</u> The orders are given by the superiors and the subordinates must comply with them, that is, the orders of those who are at the top of the hierarchy must always be respected and only the superiors are allowed to change them.

When there is a violation of the command unit, several related conflicts can arise, such as lack of consensus among teams, disorganization, failure in the communication process, which negatively impact organizational effectiveness.

4 0
3 years ago
Delta Company produces a single product. The cost of producing and selling a single unit of the product at the company’snormal a
iogann1982 [59]

I assumed you typo 821 by $21 per unit, then the answer will be

1-  financial disadvantage of accepting the special order is loss of $60,000

2- a minimum selling price for these units should be $14.00

Explanation:

Loss of $60,000 = 15,000 x (14,000 – (5.1+3.8+1+4.2+1.5+2.4))

a minimum selling price for these units is $14.00 per unit because it’s the price the company can earn if accept a special order, though lower than cost of producing and selling at $18.00

6 0
3 years ago
Other questions:
  • According to Mintzberg's organizational structures, hospitals and universities are examples of a:​ a. simple structure. ​b. prof
    10·1 answer
  • Which of the following marketing budgets is based on marketing tasks? A. Bottom-up B. Customer-mix C. Percent-of-sales D. Top-do
    13·1 answer
  • An interactive, Internet-enabled system that allows individual customers to design their own products by answering a few questio
    7·1 answer
  • What is the point called where the supply curve and the demand curve meet?
    11·1 answer
  • When a producer offers a prospective insured a portable dishwasher as a bonus for purchasing a policy, he/she could be guilty of
    14·1 answer
  • Suppose foreigners find U.S. goods and services more desirable for some reason other than a change in the exchange rate. Which p
    15·2 answers
  • At Polar Sportswear, orders have significantly exceeded projections, and Chris, the operations director, has decided to hire for
    15·1 answer
  • Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred
    9·1 answer
  • Therapeutic services pays less than most other careers
    8·2 answers
  • The owner of an undeveloped lot agrees to sell the lot to a buyer. The written agreement identifies the parties, describes the p
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!