A closed-end fund starts the y

A closed-end fund starts the year with a net asset value of $12.00. By year-end, NAV equals $12.10. At the beginning of the year, the fund is selling at a 2% premium to NAV. By the end of the year, the fund is selling at a 7% discount to NAV. The fund paid yearend distributions of income and capital gains of $1.50.

a. What is the rate of return to an investor in the fund during the year?

b. What would have been the rate of return to an investor who held the same securities as the fund manager during the year?

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A closed-end fund starts the y

A closed-end fund starts the year with a net asset value of $12.00. By year end, NAV equals $12.10. At the beginning of the year, the fund was selling at a 2% premium to NAV. By the end of the year, the fund is selling at a 7% discount to NAV. The fund paid year-end distributions of income and capital gains of $1.50.

a. What is the rate of return to an investor in the fund during the year?

b. What would have been the rate of return to an investor who held the same securities as the fund manager during the year?

Place this order or similar order and get an amazing discount. USE Discount code “GET20” for 20% discount

Posted in Uncategorized