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zalisa [80]
3 years ago
6

The XYZ Fund had NAV per share of $17.50 on January 1, 2016. On December 31 of the same year, the fund's NAV was $19.47. Income

distributions were $0.75, and the fund had capital gain distributions of $1.00. Without considering taxes and transaction costs, what rate of return did an investor receive on the XYZ Fund last year?
Business
1 answer:
STatiana [176]3 years ago
8 0

Answer:

21.26%

Explanation:

Calculation for the Rate of return that the

investor receive on the XYZ Fund last year

Using this formula

Rate of return =Current value - original value +Income distributions+ Capital gain distributions) / original value) x 100

Where,

Current value =$19.47

Original value =$17.50

Income distributions=$0.75

Capital gain distributions=$1.00

Let plug in the formula

Rate of return($19.47 - $17.50 + $0.75 + $1.00)/$17.50

Rate of return =($1.97+0.75+$1.00)/$17.50

Rate of return=$3.72/$17.50

Rate of return =0.2126*100

Rate of return =21.26%

Therefore the rate of return that did investor receive on the XYZ Fund last year will be 21.26%

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3 years ago
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<u>$450 is the answer. </u>

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<u> </u>

Further Explanation:

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Total revenue refers to the total receipts or the income after selling the product.

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Total profit refers to the amount subtracted by the total cost of the firm from the total revenue of the firm. Total profit is the excess of the total cost from the total revenue.  

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<u> </u>

Thus, the total revenue the company earns after selling 10 skateboards is $450.

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Answer Details:

Grade: High School

Chapter: Total profit

Subject: Accountancy

Keywords: Brenda’s Boards manufactures skateboards. Each skateboard sells for $45 and includes the following expenses: $3 for the wheels and mounts, $1 for the plastic board, $1 for the paint, and $10 for the labor. What is the total revenue the company makes after selling 10 boards? $300 $350 $400 $450.

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3 years ago
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