EBK INVESTMENTS
11th Edition
ISBN: 9781259357480
Author: Bodie
Publisher: MCGRAW HILL BOOK COMPANY
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Chapter 4, Problem 12PS
Summary Introduction
Adequate information:
Opening NAV of the fund - $ 12.50
Closing NAV of the fund- $ 12.10
Income distributed during the year - $ 1.50
To compute:rate of return to investor
Introduction:
Total return to the investor during a particular period is the sum total of change in the NAV of the fund during the period and income distributed during the period.
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Corporate Fund started the year with
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Corporate Fund started the year with a net asset value of $12.50. By year-end, its NAV equaled $12.10. The fund paid year-end distributions of income and capital gains of $1.50. What was the (pretax) rate of return to an investor in the fund?
Corporate Fund started the year with a net asset value of $12.50. By year-end, its NAV equaled $12.10. The fund paid year-end
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