A closed-end investment company has a net asset value of $12.00. A year ago the shares...
A closed-end investment company has a net asset value of $12.00. A year ago the shares sold for a 16 percent discount but that discount has narrowed (that is, declined) to 8 percent. If the company distributed $1.25 a share, what was the return on an investment in the shares before considering commissions on the purchase? Round your answer to two decimal places. %
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A closed-end investment company has a net asset value of $12.00.
A year ago the shares...
A closed-end investment company has a net asset value of $12.00. A year ago the shares...
A closed-end investment company has a net asset value of $12.00. A year ago the shares sold for a 16 percent discount but that discount has narrowed (that is, declined) to 8 percent. If the company distributed $1.25 a share, what was the return on an investment in the shares before considering commissions on the purchase? Round your answer to two decimal places. %
If an investor buys shares in a closed-end investment company for $46 and the net asset value is $53, what is the discount? If the company distributes $1, the net asset value rises to $58, and the investor sells the shares for a premium of 5 percent over
If an investor buys shares in a closed-end investment company for $46 and the net asset value is $53, what is the discount? If the company distributes $1, the net asset value rises to $58, and the investor sells the shares for a premium of 5 percent over the net asset value, what is the percentage earned on theinvestment?
A closed-end fund starts the year with a net asset value of $12.00
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...
The Closed Fund is a closed-end investment company with a portfolio currently worth $180 million. It...
The Closed Fund is a closed-end investment company with a portfolio currently worth $180 million. It has liabilities of $6 million and 12 million shares outstanding. a. What is the NAV of the fund? b. If the fund sells for $15 per share, what is its premium or discount as a percent of net asset value? (Input the amount as a positive value. Round your answer to 2 decimal places.)
QUESTION 9 Closed-end fund shares most commonly sell: a. At the fund's net asset value. b....
QUESTION 9 Closed-end fund shares most commonly sell: a. At the fund's net asset value. b. At a premium to the fund's net asset value. c. At a discount to the fund's net asset value. d. At a price-to-earnings ratio between 15 and 16 times. QUESTION 10 Smith Funds are a group of equity mutual funds that include Smith Growth, Smith Emerging Market, and Smith Balanced. The group of funds is most likely referred to as: a. Exchange-traded funds. b....
The Closed Fund is a closed-end investment company with a portfolio currently worth $255 million. It...
The Closed Fund is a closed-end investment company with a portfolio currently worth $255 million. It has liabilities of $3 million and 5 million shares outstanding a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV $ b. If the fund sells for $47 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Round your answer to 2 decimal places.) The fund sells...
The Closed Fund is a closed-end investment company with a portfolio currently worth $235 million. It...
The Closed Fund is a closed-end investment company with a portfolio currently worth $235 million. It has liabilities of $2 million and 5 million shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV $C b. If the fund sells for $43 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Round your answer to 2 decimal places.) The fund sells...
A closed-end fund starts the year with a net asset value of $24. By year-end, NAV...
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 $18. By year-end, NAV...
A closed-end fund starts the year with a net asset value of $18. By year-end, NAV equals $18.70. 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 $2.10. 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...
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...
The Closed Fund is a closed-end investment company with a portfolio currently worth $255 million. It has liabilities of $3 million and 5 million shares outstanding a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV $ b. If the fund sells for $47 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Round your answer to 2 decimal places.) The fund sells...
The Closed Fund is a closed-end investment company with a portfolio currently worth $235 million. It has liabilities of $2 million and 5 million shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV $C b. If the fund sells for $43 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Round your answer to 2 decimal places.) The fund sells...
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 $18. By year-end, NAV equals $18.70. 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 $2.10. a. What is the rate of return to an investor in the fund during the year? (Do not...
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