1-A mutual fund has total assets of $781 million, total liabilities of $11 million, and a...
1-A mutual fund has total assets of $781 million, total liabilities of $11 million, and a total number of shares of 84 million. What is the fund's net asset value (NAV) per share?
2-You purchased 100 shares of stock for a share price of $15.57. You sold the stock two years later for a share price of $18.36. You also received total dividend payments of $0.34 per share. What was your total return on your investment?
Homework Answers
1)
NAV = (assets - liabilities)/total shares
= (781-11)/84
= 9.17
2)
total return = (final price - initial price + dividend)/initial price
= (18.36 - 15.57 + 0.34)/15.57
= 20.1%
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