Five years ago, you invested in the Future Investco Mutual Fund by purchasing 1,500 shares of the
Question:
Five years ago, you invested in the Future Investco Mutual Fund by purchasing 1,500 shares of the fund at a net asset value of $18.75 per share. Because you did not need the income, you elected to reinvest all dividends and capital gains distributions. Today, you sell your 1,850 shares in this fund for $20.56 per share. What is the compounded rate of return on this investment over the five-year period?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
This is a single cash flow IRR prob...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals Of Investing
ISBN: 9780135175217
14th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
Question Posted:
Students also viewed these Business questions
-
Three years ago, you invested in the Future Investco Mutual Fund by purchasing 1,000 shares of the fund at a net asset value of $20.00 per share. Because you did not need the income, you elected to...
-
Five years ago, you invested in the Future Invest co Mutual Fund by purchasing 1,300 shares of the fund at the price of $17.44 per share. Because you did not need the income, you elected to reinvest...
-
A closed-end investment company has a net asset value of $12.75. A year ago the shares sold for a 20 percent discount but that discount has narrowed (i.e., declined) to 10 percent. If the company...
-
QUESTION 17 The moment of a force about a pivot point is; a. The force multiplied by the perpendicular distance fro the pivot point to the direction of the force b. the distance from the pivot to the...
-
With a dividend discount model, how do you estimate the cost of equity capital? What is the critical variable in this model?
-
The position of a particle between t = 0 and t = 2.00 s is given by x(t) = (3.00m/S3)t3 - (10.0m/s2 )t2 + (9.00m/s)t. (a) Draw the x-t, v.-t, and az-f graphs of this particle. (b) At what time(s)...
-
Determine the maximum axial force P that can be applied to the plate. The allowable stress is allow = 36 ksi. P 0.5 in. 0.54 in. P 0.45 in. 4.5 in. 3 in, 0.45 in.
-
Winston Clinic is evaluating a project that costs $52,125 and has expected net cash inflows of $12,000 per year for 8 years. The first inflow occurs one year after the cost outflow, and the project...
-
Fluid mechanics NUMERICAL PROBLEMS (4 X 3 = 12 Points) Q1. An oil flows through 50.0 m of cast iron pipe having a diameter of 0.25 m. If the volumetric flow is 0.40 m^3/s, determine the head loss in...
-
Sec. 351 Requirements. Al, Bob, and Carl form West Corporation and transfer the following items to West: The common stock has voting rights. The preferred stock does not. a. Is the exchange...
-
A year ago, Gary invested in the Aberdeen Global II Sterling Bond Fund by purchasing 200 shares at an NAV of 663.81 (Pound sterling). He decides to reinvest all interest and capital gains...
-
One year ago, the T. Rowe Price Australian Equity Closed-End Fund had an NAV of A$10.40 and was selling at an 18% discount. Today, its NAV is A$11.69, and it is priced at a 4% premium. During the...
-
Accelerator, Inc., manufactures a fuel additive, Surge, that has a stable selling price of $44 per drum. The company has been producing and selling 80,000 drums per month. In connection with your...
-
1. What effect do Regulatory Criminal Laws have on police/minority relations? 2. Are minorities more susceptible to Regulatory Criminal Law enforcement because of heavy police deployment and activity...
-
Respond to the Ethical and Public Policy issue on page 159. Tennessee is one of the states that still recognizes tenancy by the entirety. ETHICAL AND PUBLIC POLICY ISSUES Should the Tenancy by the...
-
1.) Pineapple Inc. issued a common stock for $30,000 and ended the period with net cash from financing of -$5,000. If the only other financing company was a payment of cash dividend, what is the...
-
Directions: Read and answer the question below. The Assignment is due on February 6, before class. Your answers should be in paragraph form and in Arial, 11 point font. Your answer should be between...
-
4.4.4. The shareholders of Zedzee Pty Ltd are Sufyaan (10 shares), Shahedah (10 shares), Hilton (10 shares) and Sue (10 shares). The directors are Sufyaan and Shahedah. Upon registration, Zedzee...
-
Show that the set {02n1n | n = 0, 1, 2, . . .} is not regular using the pumping lemma given in Exercise 22.
-
Suppose the concentration of glucose inside a cell is 0.1 mm and the cell is suspended in a glucose solution of 0.01 mm. a. What would be the free energy change involved in transporting 10-o mole of...
-
Highgate Computer Company produces $1.8 million in profits from $27 million in sales. It has total assets of $15 million. a. Calculate Highgate's total asset turnover and its net profit margin. b....
-
The following data have been gathered from the financial statements of HiFly Corporation: _______________________2015 ______________2016 Operating profit ....... $550,000,000 ......... $600,000,000...
-
At the beginning of the chapter you read about an analyst's report on Advanced Micro Devices. Use an online source such as Yahoo! Finance or AMD's own website to look up the company's income...
-
For each ordered pair, determine -6x+7y=2 7x-4y=6 a solution to the system of equations.
-
Review the meaning of the concepts or terms given in Key Terms and Concepts. Distinguish between a production department and a service department. Distinguish between a direct cost and an indirect...
-
What would you like the members of your learning community to know about your global health interests, perspectives, and life experiences? How will you prepare to listen and learn from others? Why...
Study smarter with the SolutionInn App