Question: Question 16 1 pts 4 Consider a no-load mutual fund with $400 million in assets, 50 million in debt, and 15 million shares at the

Question 16 1 pts 4 Consider a no-load mutual fund with $400 million in assets, 50 million in debt, and 15 million shares at the start of the year and with $500 million in assets, 40 million in debt, and 18 million shares at the end of the year. During the year investors have received income distributions of $.50 per share and capital gain distributions of $.30 per share. If the total expense ratio is .75%, what is the rate of return on the fund? 8.25% The answer cannot be determined from the information given. O 12.09% 12.99%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

1. An investor purchases one municipal bond and one corporate junk bond that pay rates of return of 7% and 15% respectively. If the investor is in the 10% tax bracket, his after tax rates of return...

Consider a no-load mutual fund with $400 million in assets, 50 million in debt, and 15 million shares at the start of the year; and $500 million in assets, 40 million in debt, and 18 million shares...

2. Consider a no-load mutual fund with $400 million in assets, 50 million in debt, and 15 million shares at the start of the year; and $500 million in assets, 40 million in debt, and 18 million...

. Consider a no-load mutual fund with $400 million in assets, 50 million in debt, and 15 million shares at the start of the year; and $500 million in assets, 40 million in debt, and 18 million shares...

Consider a no-load mutual fund with $400 million in assets, 50 million in debt, and 15 million shares at the start of the year and with $500 million in assets, 40 million in debt, and 18 million...

Consider a no-load mutual fund with $400 million in assets, $50 million in debt, and 15 million shares outstanding at the beginning of the year; and $500 million in assets, $40 million in debt, and...

Consider a no-load mutual fund with $400 million in assets, $50 million in debt, and 15 million shares outstanding at the beginning of the year; and $500 million in assets, $40 milion in debt, and 18...

Your tax clients, Jack and Diane a married couple filing a joint return, fell in love with a new construction house for sale in their small Illinois hometown. The builder offers two options on the...

Different spectral lines of the Balmer tenet (transitions -2, with it being the principal quantum number) fall one at a ame on a Yomg's double slit apparans The separation between the shrs is df and...

Companies often issue convertible debt or debt with attached warrants. a . What is convertible debt?

1 4 . 6 A sequential circuit has two inputs ( x 1 and x 2 ) h and one output ( Z ) . The output begins as 0 and remains a constant value unless one of the following input sequences occurs: ( a ) The...