What rate of return did Elliot earn on his investment

Assignment Help Accounting Basics
Reference no: EM132696014

Problem - Calculating approximate yield on mutual fund - About a year ago, Elliot Cox bought some shares in the Axis Fund. He bought the fund at $24.50 a share, and it now trades at $26.00. Last year, the fund paid dividends of 40 cents a share and had capital gains distributions of $1.83 a share. Using the approximate yield formula, what rate of return did Elliot earn on his investment? Repeat the calculation using a financial calculator. Would he have made a 20 percent rate of return if the stock had risen to $30 a share?

Reference no: EM132696014

Questions Cloud

Find the rate of return on this load fund : Find the rate of return on this load fund; it was purchased a year ago, and its dividends and capital gains distributions over the year totaled $1.05 a share
Prepare the journal entries for lessor on 1st july 2014 : Assuming it is a finance lease, prepare the journal entries for lessor on 1st July 2014, 30th June, 2015, and 30th June, 2018.
The centered around bitcoin economics : The centered around Bitcoin Economics. explain why some organizations are accepting
Find out caterpillar book debt-to-value ratio : In 2018, Caterpillar Inc. had about 710 million shares outstanding. Their book value was $38.0 per share, and the market price was $85.00 per share.
What rate of return did Elliot earn on his investment : About a year ago, Elliot Cox bought some shares in the Axis Fund. Using the approximate yield formula, what rate of return did Elliot earn on his investment
Skepticism from the general public : While there are many benefits to the use of cryptocurrency, there is also much skepticism from the general public.
What is the percentage cost of the preferred stock : The corporate tax rate is 21%. What is the percentage cost of the preferred stock? (Enter your answer as a whole percent.)
What is the ex-dividend price of the company stock : The net income of Wheeler Corporation is $83,000. The company has 25,000 outstanding shares and a 100 percent payout policy. The expected value of the firm
Difference between goal and the actual total sales amount : Complete the worksheet (Table 1-2) for the sales totals by region and by day. Decide if the goal was reached. What is the difference between the goal

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss incremental cost-allocation and shapley method

Allocation of common costs. Evan and Brett are students at Berkeley College. They share an apartment that is owned by Brett. Brett is considering subscribing.

  Compute the total cost of units in ending work

Compute the total cost of units in ending work in process inventory? What is the equation used? Would this be a conversion equation

  Identify which two items are significant

Identify which two (2) items are significant and direct concerns for both the external auditor and the head of internal audit. Justify your answer

  What is the total intrinsic value of these contracts

You own ten put option contracts on XYZ stock with an exercise price of $25. What is the total intrinsic value of these contracts

  Raider co recently acquired all of lost arc incs net assets

raider co. recently acquired all of lost arc inc.s net assets in a business acquisition. the cash purchase price was

  Assume that next year research in motion sells off its

assume that next year research in motion sells off its interest in tip communications one of its subsidiaries.

  Prepare each of the journal entries listed below related

Top Company obtained 100 percent of Bottom Company's common stock on January 1, 20X6 by issuing 12,500 shares of its own common stock, which had a $5 par value and a $15 fair value on that date.

  What was the beginning retained earnings for the period

If net income for the period was $139,950, dividends distributed were $79,000. What was the beginning retained earnings for the period?

  Ron and tom are equal owners in robin corporation on july 1

ron and tom are equal owners in robin corporation. on july 1 2011 each lends the corporation 30000 at an annual

  Compute the value of closing stock at the end of the period

Question - Blueberry Ltd uses the FIFO assumption with the periodic inventory method. Compute the value of closing stock at the end of the period

  What risks were involved in the systems development

What risks were involved in the systems development project? What benefits were gained from this systems development project? Was it worth the risks?

  Use of net income and cash flow to evaluate company

After you have gained five years of experience with a large CPA firm, one of your clients, Duke Inc., asks you to take over as chief financial officer for the business. Duke advises its clients on the purchase of software products and assists them..

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