What is the rate of return to an investor in the fund

Assignment Help Finance Basics
Reference no: EM13670503

A closed-end fund starts the year with a net asset value of $23. By year-end, NAV equals $24.20. At the beginning of the year, the fund is selling at a 4% premium to NAV. By the end of the year, the fund is selling at a 9% discount to NAV. The fund paid year-end distributions of income and capital gains of $2.60.
a. What is the rate of return to an investor in the fund during the year?

Reference no: EM13670503

Questions Cloud

Find rotational kinetic energy about its center of gravity : A 9.0 kilogram cylinder rolls without slipping on a rough surface. At an instant when its center of gravity has a speed of 11.0 m/s. Find the rotational kinetic energy about its center of gravity
Forward interest rate arbitrage : Forward interest rate arbitrage:
Determine what is the mass of the target ball : A softball of mass 0.220 kilogram that is moving with a speed of 6.0 m/s (in the positive direction) collides head-on and elastically with another ball initially at rest. Determine the mass of the target ball
What are the ethical implications of corporations : What are the ethical implications of corporations such as United Airlines and General Motors which utilize Bankruptcy as a Strategic Financial tool to reduce their Pension and Health Benefit Obligations?
What is the rate of return to an investor in the fund : What is the rate of return to an investor in the fund during the year
Find how much time does it take an electron traveling : Find how much time does it take an electron traveling at the drift velocity to transverse the 2 centimeter long tungsten filament that has a radius of 0.1 millimeter
Find what horizontal force does the seat exert on the driver : An 867 kilogram (1916 lb) dragster, starting from rest, attains a speed of 25.4 m/s (56.9 mph) in 0.59 second. Find what horizontal force does the seat exert on the driver
Why poe wrote the statue being athena : In the book titled the raven by edgar allen poe, the bird perches on the bust statue of Athena. why poe wrote the statue being Athena and why not another god or goddess.
Certified costs : Certified Costs

Reviews

Write a Review

Finance Basics Questions & Answers

  Bennifer jewelers recently issued ten-year bonds that make

bennifer jewelers recently issued ten-year bonds that make annual interest payments of 50. suppose you purchased one of

  The total of the monthly cash payments

Dixon Corporation incurs a 30-year $700,000 mortgage liability in conjunction with its purchase of a candy factory. This mortgage is payable in equal monthly payments of $3,758 which include interest computed at an annual rate of 5 percent.

  Compute the stock price

Toyota has decided to offer new preferred stock for sale that it will call an 8-8 offering. This stock will pay an yearly dividend of $8 a share starting eight years from now.

  Most governments at least try to make it difficult for

1. recently financial markets have become highly integrated. this development allows investors to diversify their

  What amount for the governmental activities accounts

What amount for the governmental activities accounts will include? Show your calculation

  How would this affect their requird rate of return

Tucker Corporation is planning to issue new 20-year bonds. The current plan is to make the bonds noncallable, but this may be changed. If the bonds are made callable after 5 years at a 5% call premium, how would this affect their requird rate of r..

  Company abc wants to invest in a swedish manufacturing

scenario company abc wants to invest in a swedish manufacturing company that has an optimal debt ratio of 60. company

  Select stocks bonds mutual funds etfs and so on that you

alice cartwright is now 45 years old. over the past several years she has been struggling to fund her nest egg for

  Calculate required external financing

Cambridge Prep Shops, a national clothing chain, had sales of $200 million last year. The business has a steady net profit margin of 12% and a dividend payout ratio of 40%.

  Gem systems has recently issued preferred stock the stock

gem systems has recently issued preferred stock. the stock has a 12 annual dividend based on a par value of 100 per

  Identify possible actions to help boost profitability

Assume a large physician group practice has a low return on equity (ROE). How could Du Pont analysis be used to identify possible actions to help boost profitability?

  What is the present value of perpetuity of 100 per year if

what is the present value of perpetuity of 100 per year if the appropriate discount rate is 7? if interest rates in

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd