Consider a no-load mutual fund with $300 million in assets and 15 million shares at the...
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Consider a no-load mutual fund with $300 million in assets and 15 million shares at the start of the year and with $310 million in assets and 16 million shares at the end of the year. During the year investors have received income distributions of $2 per share and capital gain distributions of $0.40 per share. Assuming that the fund carries no debt, and that the total expense ratio is 1%, what is the rate of return on the fund? (Round intermediate and final answers to 2 decimal places) Consider a no-load mutual fund with $300 million in assets and 15 million shares at the start of the year and with $310 million in assets and 16 million shares at the end of the year. During the year investors have received income distributions of $2 per share and capital gain distributions of $0.40 per share. Assuming that the fund carries no debt, and that the total expense ratio is 1%, what is the rate of return on the fund? (Round intermediate and final answers to 2 decimal places)
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Answer rating: 100% (QA)
To calculate the rate of return on the mutual fund we need to consider the change in net asset value ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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