A closed-end fund starts the year with a net asset value of $18. By year-end, NAV...
A closed-end fund starts the year with a net asset value of $11.00. By year-end, NAV equals $11.20. At the beginning of the year, the fund was selling at a 3% premium to NAV. By the end of the year, the fund is selling at a 6.5% discount from NAV. The fund paid year- end distributions of income and capital gains of $2.10. a. What is the rate of return to an investor in the fund during the year? (Do...
A closed-end fund starts the year with a net asset value of $24. By year-end, NAV equals $25.30. At the beginning of the year, the fund is selling at a 2% premium to NAV. By the end of the year, the fund is selling at a 7% discount to NAV. The fund paid year-end distributions of income and capital gains of $2.70. a. What is the rate of return to an investor in the fund during the year? (Do not...
A closed-end fund starts the year with a net asset value of $24. By year-end, NAV equals $25.30. At the beginning of the year, the fund is selling at a 2% premium to NAV. By the end of the year, the fund is selling at a 7% discount to NAV. The fund paid year-end distributions of income and capital gains of $2.70. a. What is the rate of return to an investor in the fund during the year? (Do not...
A closed-end fund starts the year with a net asset value of $20. By year-end, NAV equals $20.90. At the beginning of the year, the fund is selling at a 4% premium to NAV. By the end of the year, the fund is selling at a 9% discount to NAV. The fund paid year-end distributions of income and capital gains of $2.30. a. What is the rate of return to an investor in the fund during the year? (Do not...
A closed-end fund starts the year with a net asset value of $29. By year-end, NAV equals $30.80. At the beginning of the year, the fund is selling at a 4% premium to NAV. By the end of the year, the fund is selling at a 9% discount to NAV. The fund paid year-end distributions of income and capital gains of $3.20. a. What is the rate of return to an investor in the fund during the year? (Do not...
A closed-end fund starts the year with a net asset value of $15. By year-end, NAV equals $15.40. At the beginning of the year, the fund is selling at a 2% premium to NAV. By the end of the year, the fund is selling at a 7% discount to NAV. The fund paid year-end distributions of income and capital gains of $1.80. a. What is the rate of return to an investor in the fund during the year? Rate of...
A closed-end fund starts the year with a net asset value of $12.00. By year-end, NAV equals $12.10. At the beginning of the year, the fund was selling at a 2% premium to NAV. By the end of the year, the fund is selling at a 7% discount to NAV. The fund paid year-end distributions of income and capital gains of $1.50.a. What is the rate of return to an investor in the fund during the year?b. What would have...
Corporate Fund started the year with a net asset value of $14.00. By year-end, its NAV equaled $13.20. The fund paid year-end distributions of income and capital gains of $2.20. What was the rate of return to an investor in the fund? (Round your answer to 2 decimal places.) Rate of return = _______ %
Question 10 1 pts One year ago, Vanguard Mutual Closed-End Fund had a NAV of $12.25 and was selling at an 6% discount. Today, its NAV is $22.3 and it is priced at a 12% premium. During the year, Vanguard paid dividends of $0.17 and had a capital gains distribution of $1.95. On the basis of this information, calculate Vanguard's market-based percent holding period return for the year. [Enter the answer in as a percentage - not a decimal) D...
Suppose that at the start of the year, no-load mutual fund has a net asset value of $27.80 per share. During the year, it pays its shareholders a capital gain and dividend distribution of $1.16 per share and finishes the year with an NAV of $30.18. a. What is the return to an investor who holds 258.156 shares of this fund his (nontaxable) retirement account? Do not round intermediate calculations. Round your answer to two decimal places. b. What is...