INVESTMENTS (LOOSELEAF) W/CONNECT
11th Edition
ISBN: 9781260465945
Author: Bodie
Publisher: MCG
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Question
Chapter 4, Problem 15PS
Summary Introduction
(A)
Adequate Information:
The mutual fund total in the beginning of the year is $200 million. The shares outstanding are 10 million. The dividend income accounts for $2 at the year end. The increase in price of fund portfolio takes place by 8%. The 12b-1 fees charged by the fund accounts for 1%
To calculate:
Net asset value for the investor at the beginning and the year end
Introduction:
Net asset value is ascertained by subtracting the total value of liabilities from the total value of asset of any entity. It reflects the net value of a particular entity at a particular point of time. It is generally used in context of exchange traded funds and mutual funds.
Summary Introduction
(B)
To calculate:
Net
Introduction:
Rate of return refers to the ratio of loss or profit ascertained in the financial year with respect to the investment which is generally expressed in percentage of decrease or increase in the investment's value during the given period of time.
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Chapter 4 Solutions
INVESTMENTS (LOOSELEAF) W/CONNECT
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