Suppose that at the start of the year, a no-load mutual fund has a net asset value of $27.65 per share. During the year, it pays its shareholders a capital gain and dividend distribution of $1.18 per share and finishes the year with an NAV of $30.84. a. What is the return to an investor who holds 257.616 shares of this fund in his (nontaxable) retirement account? Do not round intermediate calculations. Round your answer to two decimal places. b. What is the after-tax return for the same investor if these shares were held in an ordinary savings account? Assume that the investor is in the 30% tax bracket. Do not round intermediate calculations. Round your answer to two decimal places. % c. If the investment company allowed the investor to automatically reinvest his cash distribution in additional fund shares, how many additional shares could the investor acquire? Assume that the distribution occurred at year end and that the proceeds from the distribution can be reinvested at the year-end NAV. Do not round intermediate calculations. Round your answers to three decimal places. Nontaxable distribution: shares Taxable distribution: shares

Corporate Fund started the year with a net asset value of $17.80. By year - end, its NAV equaled $16.30. The fund paid year - end distributions of income and capital gains of $2.20. What was the (pretax) rate of return to an investor in the fund?

K You invested in the no load Best Mutual Fund one year ago by purchasing 1,000 shares of the fund at the net asset value of $1868 per share. The fand distributed dividends of $2.04 and capital gains of $1.91 Today, the NAV is $20 19 1 Best was a load fund with a 3% bont end load, what would be the HPR? Your holding period return would be (Round to two decimal places)

You invest $100,000 in a hedge fund with a 2/20 fee structure. For the next 3 years, the hedge fund earns annual returns of 25.93%, -10.62%, and 64.83%. You make no withdrawals from the fund. Whenever fees are due, you write a check for that amount to the fund (such that the fund doesn't deduct the fees from your portfolio value). The fund's fee structure has a high watermark feature. What are the total fees you pay over the course of the three years? Enter a number with two decimal points. Answer the question in dollar amount, i.e., if the answer is $20, enter 20.00.

You invested $25,000 in a mutual fund at the beginning of the year when the NAV was $33.16. At the end of the year the fund paid $.27 in short-term distributions and $.44 in long-term distributions. If the NAV of the fund at the end of the year was $37.81, what was your return for the year?

The following table shows the average returns for some of the largest mutual funds commonly found in retirement plans. (Assume end-of-month deposits and withdrawals and monthly compounding, and assume that the quoted rate of return continues indefinitely.) Mutual Fund Fidelity Growth Company Vanguard 500 Index PIMCO Total Return Vanguard Total Bond Market Index Rate of Return 14.83% 14.25% 3.77% 3.67% Stock fund Stock fund Type Bond fund Bond fund How much should you pay each month into a retirement account invested in the Vanguard bond fund if you wish to retire in 35 years with an investment valued at three million dollars? HINT [See Quick Example 2.] (Round your answer to the nearest cent.) $

If an investor buys shares in a no-load mutual fund for $30 and after five years the shares appreciate to $56, what is (1) the percentage return and (2) the annual compound rate of return using time value of money?

Find the following for the indicated mutual fund when the given number of shares is bought and sold 1 year later after receiving the distribution shown in the following table. (Round your answers to two decimal places.) Name Shares Bought Shares Sold Distribution NorthCo 100 at $90 100 at $95 $1.45 per share (a) Find the capital appreciation. %(b) Find the yield. %(c) Find the return. %

If an investor buys shares in a no-load mutual fund for $40 and after eight years the shares appreciate to $57, what is (1) the percentage return and (2) the annual compound rate of return using time value of money? Round your answers to two decimal places. Percentage return:   % The annual compound rate of return:   %

Find the following for the indicated mutual fund when the given number of shares is bought and sold 1 year later after receiving the distribution shown in the following table. (Round your answers to two decimal places.) Name Shares Bought Shares Sold Distribution NorthCo 300 at $85 300 at $90 $1.15 per share (a) Find the capital appreciation. ____________%(b) Find the yield. _____________%(c) Find the return. _____________%