Consider a no-load mutual fund with $528 million in assets and 16 million shares at the start of the year and with $578 million in assets and 17 million shares at the end of the year. During the year investors have received income distributions of $3 per share and capital gain distributions of $0.45 per share. Assuming that the fund carries no debt, and that the total expense ratio is 2%, what is the rate of return on the fund
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Ответ:
11.42%
Explanation:
NAV0= Mutual fund in asset/ Share
$528 million/ 16 million shares
=33
NAV1=578-578(0.02)/17
=578-11.56/17
=566.44/17
=33.32
Hence:
Return NAV1-NAV0+Received Income distribution +Capital gain distribution /NAVO
NAV0=33
NAV1=33.32
Received Income distribution = 3
Capital gain distribution= 0.45
33.32-33+3+0.45/33
=3.77/33
=0.1143×100
=11.42%
Ответ:
principal: first in order of importance; main.
interest: the state of wanting to know or learn about something or someone.
term: a word or phrase used to describe a thing or to express a concept, especially in a particular kind of language or branch of study.