Assume that you purchased 1000 shares of Super Performing mutual fund at a net asset value...
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Assume that you purchased 1000 shares of Super Performing mutual fund at a net asset value of $22 per share. During the year you received dividend income distributions of $2.50 per share and capital gains distributions of $1.5 per share. At the end of the year the shares had a net asset value of $21 per share. If Super Performing mutual fund has an expense ratio of 1.50%, then what's your net return? Express your answer in percent and round it to 2 decimal places. For example, if your answer is 0.25456, then please write down 25.46 (without the percent sign). Assume that you purchased 1000 shares of Super Performing mutual fund at a net asset value of $22 per share. During the year you received dividend income distributions of $2.50 per share and capital gains distributions of $1.5 per share. At the end of the year the shares had a net asset value of $21 per share. If Super Performing mutual fund has an expense ratio of 1.50%, then what's your net return? Express your answer in percent and round it to 2 decimal places. For example, if your answer is 0.25456, then please write down 25.46 (without the percent sign).
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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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