Tom 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 average price of $25 per share. By the end of the year, the shares were all up to $27. What is the percentage of his total return? Use Formula 4–2 on page 103 and round to two places to the right of the decimal point. Recall that you first must determine the number of new shares.
Answer to relevant QuestionsUnder dollar-cost averaging, an investor will purchase $6,000 worth of stock each year for three years. The stock price is $40 in year 1, $30 in year 2, and $48 in year 3. a. Compute the average price per share. b. Compute ...In problem 5, assume the fund increased in value by $0.30 the first month after you purchased 300 shares. a. What is your total dollar gain or loss? (Compare the total current value with the total purchase amount.) b. By ...How, specifically, can the Fed influence economic activity? Name three ways! If the investor does not correctly identify the crossover point between growth and expansion, what might happen to the price of the stock? What is an example of a valuable asset that might not show any “value” on a balance sheet?
Post your question