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A mutual fund has the following assets and liabilities: Sh'000' Stock (at current market value) 20,000 Bonds (at current market value) 10,000 Cash 500 Liabilities 300 After one year, the value of the stock portfolio held by the mutual fund rises by 10% and the value of the bond portfolio falls by 2%. The cash and liabilities remain unchanged. The
A mutual fund has the following assets and liabilities:
Sh'000'
Stock (at current market value)
20,000
Bonds (at current market value)
10,000
Cash
500
Liabilities
300
After one year, the value of the stock portfolio held by the mutual fund rises by 10% and the value of the bond portfolio falls by 2%. The cash and liabilities remain unchanged. The shares outstanding are 10 million
Required:
The yield on investment on the mutual fund
Expert Answer
Calculation of value of mutual fund. Mutual Fund Value (SH'000') Year
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