Question: A year ago the Alpine Growth Fund was being quoted
A year ago, the Alpine Growth Fund was being quoted at an NAV of $21.50 and an offer price of $23.35; today, it’s being quoted at $23.04 (NAV) and $25.04 (offer). Use the approximate yield formula or a handheld financial calculator to find the rate of return on this load fund; it was purchased a year ago, and its dividends and capital gains distributions over the year totaled $1.05 a share. (Hint: As an investor, you buy fund shares at the offer price and sell at the NAV.)
Answer to relevant QuestionsHere is the per-share performance record of the Mile High Growth-and-Income fund for 2015 and 2014:Use this information to find the rate of return earned on this fund in 2014 and in 2015. What is your assessment of the ...1. Explain to Todd the key reasons for purchasing mutual fund or ETF shares.2. What special fund features might help Todd achieve his investment objectives?3. What types of mutual funds or ETFs would you recommend to Todd?4. ...Under which procedure will you become fully vested most quickly—cliff or graded vesting?How do variable annuity returns generally compare to mutual fund returns? Can you explain why there would be any difference in returns?Ralph Porter is in his early 30s and is thinking about opening an IRA. He can’t decide whether to open a traditional/deductible IRA or a Roth IRA, so he turns to you for help.a. To support your explanation, you decide to ...
Post your question