A year ago, the Very Large Growth Fund was being quoted at an NAV of...
80.2K
Verified Solution
Link Copied!
Question
Accounting
A year ago, the Very Large Growth Fund was being quoted at an NAV of $ and an offer price of $Today it's being quoted at $NAV and $offer What is the holding period return on this load fund, given that it was purchased a year ago and that its dividends and capital gains distributions over the year have totaled $ per share? Assume that none of the dividends and capital gains distributions are reinvested into the fund. Hint: You as an investor, buy fund shares at the offer price and sell at the NAV.
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!
