HomeworkLib
Question

Assume that one year ago, you bought 160 shares of a mutual fund for $34 a...

Assume that one year ago, you bought 160 shares of a mutual fund for $34 a share, you received a capital gain distribution of $0.60 per share during the past 12 months, and the market value of the fund is now $39 a share. a. Calculate the total return for your $5,440 investment. b. Calculate the percentage of total return for your $5,440 investment. (Enter your answer as a percent rounded to 2 decimal places.)

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

0 0
Add a comment
Know the answer?
Add Answer to:
Assume that one year ago, you bought 160 shares of a mutual fund for $34 a...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Assume that one year ago, you bought 100 shares of a mutual fund for $22 per...

    Assume that one year ago, you bought 100 shares of a mutual fund for $22 per share and that you received an income dividend of $0.22 cents per share and a capital gain distribution of $0.40 cents per share during the past 12 months. Also assume the market value of the fund is now $29 a share. Calculate the percentage of total return for your $2,200 investment. (Negative amount should be indicated by a minus sign. Do not round intermediate...

  • Assume that one year ago you bought 90 shares of a mutual fund for $18 per...

    Assume that one year ago you bought 90 shares of a mutual fund for $18 per share, you received a capital gain distribution of $0.38 per share during the past 12 months, and the market value of the fund is now $23. Calculate the total return for this investment if you were to sell it now. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) Total Dollar Return:

  • Assume that one year ago, you bought 130 shares of a mutual fund for $27 per...

    Assume that one year ago, you bought 130 shares of a mutual fund for $27 per share and that you received an income dividend of $0.12 cents per share and a capital gain distribution of $0.22 cents per share during the past 12 months. Also assume the market value of the fund is now $24 a share. Calculate the total return for this investment if you were to sell it now. (Negative amount should be indicated by a minus sign....

  • you bought 100 shares of an open-end mutual fund one year ago at $10 a share....

    you bought 100 shares of an open-end mutual fund one year ago at $10 a share. You received $0.50 per share distribution six months ago when the fund's NAV was 12.50 a share. If the fund's NAV at the end of the year was $12 a share, calculate your rate of return on the fund for the year.

  • three years ago James Madison bought 200 shares of a mutual fund $23 a share 23....

    three years ago James Madison bought 200 shares of a mutual fund $23 a share 23. He receive total income dividends of $.92 per share he also receive total capital gain distributions of $.80 per share during a three-year period at the end of three years he sold his shares for $29 a share what was the total return for this investment Three years ago, James Matheson bought 200 shares of a mutual fund for $23 a share. During the...

  • Twelve months ago, you purchased the shares of a no-load mutual fund for $22.25 per share....

    Twelve months ago, you purchased the shares of a no-load mutual fund for $22.25 per share. The fund distributed cash dividends of $0.60 and capital gains of $1.60 per share. If the net asset value of the fund is currently $24.45, what was your annual return on the investment? Round your answer to two decimal places If the value of the shares had been $21.18, what would have been your annual return? Round your answer to two decimal places.

  • Question 10 1 pts One year ago, Vanguard Mutual Closed-End Fund had a NAV of $12.25...

    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...

  • Five years ago, you purchased 220.80 shares of a mutual fund. Since then, you have reinvested...

    Five years ago, you purchased 220.80 shares of a mutual fund. Since then, you have reinvested your fund dividends and acquired an additional 35.10 shares. The fund currently has an NAV of $37.60. The fund charges a contingent deferred sales charge of 5 percent for the first 2 years after which time the charge declines by 1 percent a year. How much money will you receive if you redeem all of your shares today? Group of answer choices $9,700.79 $9,510.18...

  • Fred bought $10,000 of Big Mutual Fund shares. 3 months later, the mutual fund distributes capital...

    Fred bought $10,000 of Big Mutual Fund shares. 3 months later, the mutual fund distributes capital gains dividends of $1,000 to Fred. How is the $1,000 treated on Fred’s tax return? a.). Not taxed to Fred, but subtracted from the basis of the mutual fund shares b.). Taxed to Fred as long-term capital gain c.). Taxed to Fred as ordinary income d.). Taxed to Fred and short term capital gain

  • An investor buys shares in a mutual fund for $21. At the end of the year...

    An investor buys shares in a mutual fund for $21. At the end of the year the fund distributes a dividend of $0.53, and after the distribution the net asset value of a share is $24.81. What is the investor's percentage return on the investment? Round your answer to two decimal places.

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT