Alice Olivia had 200 shares of the Quest Fund on January 1. The shares had a value of $17.60. During the year she received $90 in dividends and $270 in capital gains distributions. She used the funds to purchase shares at an average price of $18 per share. By the end of the year, the shares were up to $18.50. What is her percentage total return? Use Formula 4–2 on page 103 and round to two places to the right of the decimal point. Recall you first must determine the number of new shares.
Answer to relevant QuestionsTom Aaron had 300 shares of the New Decade Fund on January 1. The shares had a value of $23. During the year he received $150 in dividends and $450 in capital gains distributions. He used the funds to purchase shares at an ...An open-end fund is set up to charge a load. Its net asset value is $8.72, and its offer price is $9.25. a. What is the dollar value of the load (commission)? b. What percentage of the offer price does the load represent? c. ...As shown in Figure 5–5, what are the four goals under the Employment Act of 1946? Why might a firm begin paying stock dividends in the growth stage? How should a firm with natural resources be valued?
Post your question