The Tiny Treasures Equity Fund has a NAV on January 1, 2016 of $22.50. It distributes...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The Tiny Treasures Equity Fund has a NAV on January 1, 2016 of $22.50. It distributes dividend income of $1.75 per unit on January 1, 2017, $1.85 per unit on January 1, 2018, and $1.95 per unit on January 1, 2019. The NAV on January 1, 2019 is $28.30 immediately following the distribution. What annual compound return would an investor who bought the fund on January 1, 2016 and sold the fund on January 1, 2019 have earned before taxes, assuming any distributions were not reinvested in the fund? (2 marks) You may need to use Excel to answer this question. Enter your answer as a percentage to two decimal places. Number The Tiny Treasures Equity Fund has a NAV on January 1, 2016 of $22.50. It distributes dividend income of $1.75 per unit on January 1, 2017, $1.85 per unit on January 1, 2018, and $1.95 per unit on January 1, 2019. The NAV on January 1, 2019 is $28.30 immediately following the distribution. What annual compound return would an investor who bought the fund on January 1, 2016 and sold the fund on January 1, 2019 have earned before taxes, assuming any distributions were not reinvested in the fund? (2 marks) You may need to use Excel to answer this question. Enter your answer as a percentage to two decimal places. Number
Expert Answer:
Related Book For
Introduction to Financial Accounting
ISBN: 9781517089719
2nd edition
Authors: Henry Dauderis, David Annand
Posted Date:
Students also viewed these accounting questions
-
Given the following tax structure: Taxpayer Salary Total tax Mae $ 25,000 $ 1,550 Pedro $ 34,500 ??? a. What is the minimum tax that Pedro should pay to make the tax structure vertically equitable...
-
The SGC Inc. is an environmental biotech startup that has been working on wastewater management using microalgae technology. The company's revenue for the month ended July 2020 is $125,000. For the...
-
Question 17 Not yet saved Marked out of 1.00 1 Flag question Previous page A change in which of the following values does NOT change the position of the IS curve Select one: b a. b. Re c. f d. a e....
-
A rectangular parking lot with a perimeter of 440 feet is to have an area of at least 8000 square feet. Within what bounds must the length of the rectangle lie?
-
Elliott's Hardware reported cost of goods sold as follows. Elliott's made two errors: (1) 2016 ending inventory was overstated $3,000, (2) 2017 ending inventory was understated $5,000. Instructions...
-
Consider a mass m attached to a spring, so it oscillates along the z-axis of a Cartesian coordinate system, moving along the world line z = a cos t, y = x = 0. Use the quadrupole-moment formalism to...
-
Describe some practical physical limitations on the use of the RRIM process in molding of chopped FRP matrix composites.
-
Robbie is the vice president of Mailer Corporation. He owns 40% of Mailer, which is organized as an S corporation. Robbies salary is $75,000, and he receives group-term life insurance and health and...
-
2. Using the definition of the derivative, use an appropriate value of h to approximate the derivative of f'(2) where f(x) = x* 3. Find the derivative for the following functions: (a) f(x) =...
-
Let today be November 3, 2008. (a) Use the LIBOR rate and the swap data on November 3, 2008 in Table 11.26 and fit the LIBOR curve. (b) From the LIBOR discount curve, fit the Ho-Lee model of the...
-
By using the following table, solve the requirements. Wheat Market Price Per Bushel Quantity Demanded (bushels) Quantity Supplied (bushels) $5 $7 $10 $14 $17 $20 $23 30,000 26,000 22,000 18,000...
-
Next, assume that Y is equal to length(m). How would this affect your conclusions your previous answer? If you were tasked with obtaining the best speedup factor possible (i.e., strong scaling),...
-
Consider the solar water heating scheme illustrated in Fig. 4.20. To analyze this scheme, choose a control surface that includes all the components shown and cuts through the cold water supply and...
-
Modern bank runs Consider a simple bank that has assets of 100, capital of 20, and checking deposits of 80. Checking deposits are liabilities of a bank. a. Set up the banks balance sheet. b. Now...
-
Using the information in this chapter, label each of the following statements true, false, or uncertain. Explain briefly. a. The present discounted value of a stream of returns can be calculated in...
-
a. What evidence is presented in the text that income inequality has increased over time in the United States? b. Use supply and demand of educated workers to explain the increase in income...
-
A a = 3.8 m b = 3.5 m c = 4 m F = 6 kN w = 2.6 kN/m simply-supported beam is subjected to the forces shown below. The dimensions of the beam and the values of the forces are: Determine the support...
-
Pearl Medavoy will invest $10,240 a year for 20 years in a fund that will earn 10% annual interest. . If the first payment into the fund occurs today, what amount will be in the fund in 20 years? If...
-
Refer to the information in CP 8-4. At December 31, 2018, Mayr revised its estimate of the machine's useful life to four years. Required: Calculate the depreciation for 2018 using 1. The...
-
Assume that you are the president of your company and paid a year-end bonus according to the amount of net income earned during the year. When prices are rising, would you choose a FIFO or weighted...
-
Laplante Inc. uses the perpetual inventory system. The following transactions took place during January 2017 Required: Using the table below, calculate cost of goods sold for the January 9 and 24...
-
Often a linearly sloped beach is not a good model. Waves coming from deep water up a gradually shelving beach are better approximated by assuming a parabolic shape like that shown in Figure P7.6...
-
In the design of a horn tweeter, which parameter is most critical in specifying where the cutoff frequency for the loudspeaker would lie? Why?
-
Is wavelike motion an example of conservative or diffusive motion?
Study smarter with the SolutionInn App