If an investor buys shares in a no-load mutual fund for $33 and after five years...
If an investor buys shares in a no-load mutual fund for $33 and after five years the shares appreciate to $57, what is (1) the percentage return and (2) the annual compound rate of return using time value of money? Round your answers to two decimal places. Percentage return: 0.7273 % The annual compound rate of return: %
Homework Answers
The Percentage Return =(57-33)/33 =72.7273% or 72.73%
Annual compound rate of return =(1+72.7273%)^(1/5)-1 =11.55%
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If an investor buys shares in a no-load mutual fund for $33 and
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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...
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