Calculate your annual rate of return

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Reference no: EM132047603

1. You buy 20 mutual fund shares at a price of $57.40 per share. You elect to reinvest distributions and, as a result, own 27.47 shares in 4 years. You sell the shares at a price of $66.30 per share, less brokerage fees of $30. Calculate your annual rate of return.

a. 12.69%

b. 14.56%

c. 12.23%

d. 11.76%

2. You just bought a 5.8% $1,000 bond for $859.50, immediately after the annual interest payment was paid to the previous owner. The bond matures in 16 years. What is the YTM?

a. 4.12%

b. 7.8%

c. .95%

d. 7.32%

Reference no: EM132047603

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