Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a no-load mutual fund has $500 million in assets,

A no-load mutual fund has $500 million in assets, 5 million in debt, and 12...

60.1K

Verified Solution

Question

Finance

image

A no-load mutual fund has $500 million in assets, 5 million in debt, and 12 million shares at the start of the year and with $450 million in assets, 4 million in debt, and 13 million shares at the end of the year. During the year investors have received income distributions of $.259 per share and capital gain distributions of $.20 per share. What is the rate of return on the fund

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

what are the 10 reasons for global purchasing explain in details the ten reasons and define...

Operations Management
Q

Balance the following redox reactions. a) As + ClO3- H3AsO3 + HClO Acidic conditions. b) Br2 BrO3-...

Chemistry
Q

Employers today use a variety of tools to screen potential job applicants. One tool that is being...

Psychology
Q

A box with a mass of 5 0 kg that is moving at 4 0...

Physics
Q

7 Suppose that R and h are changing that R is increasing at a rate...

Calculus
Q

What is the quotient 3x 4x 15 x 3 O 3x 5 3x 5 O...

Algebra
Q

The withdrawal accounts of each partner are closed to retained earnings....

Accounting
Q

needing help with questions 7 through 9 ) Galloate Inc. began operations in April...

Accounting
Q

Answer part B Cheyenne Hardware Store completed the following merchandising transactions in...

Accounting
Q

ABCCo is a financial planning service. The account balances at December 31, 2019 are below:...

Accounting
Q

Problem 11-5A For the year ended December 31, 2017, Denkinger Electrical Repair Company reports the...

Accounting
Q

Glassboro Insurance Company has a surplus share treaty with Bermuda Reinsurer and retains a line...

Finance