Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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- A mutual fund had an NAV of $26.4000 a year ago. During the year the fund paid dividends of $1.4000 and had a capital gains distribution of $1.2000 per share. Find the HPR with the current NAV at $28.8400? O 14.5% 17.5% 19.1% O 23.6%arrow_forwardAssume that one year ago, you bought 240 shares of a mutual fund for $27 per share and that you received an income dividend of $0.34 cents per share and a capital gain distribution of $1.07 per share during the past 12 months. Also assume the market value of the fund is now $29.50 a share. Calculate the total return for this investment if you were to sell it now. Note: Do not round intermediate calculations. Round your answer to 2 decimal places.arrow_forwardDuring the past 10 years, the percent returns on two mutual funds (aggressive and passive) expressed in percentages were as follows: Year -10 -9 -8 -7 -6 -5 -4 -3 -2 Last Year Aggressive Fund 0% 6% 1% 2% 8% 1% 5% 1% 1% 5% Note that this is a sample of returns. a) Compute the expected return for the two funds. Round your answers to two decimal places. Aggressive = Number Passive = Number b) Compute the variance and standard deviation of the returns of the two funds. Round your answers to two decimal places. Variance: Aggressive = Number Passive = Number Standard Deviation: Aggressive = Number Passive = Number Passive Fund 4% 4% 4% 3% 4% 2% 2% 3% 4% 2% % %arrow_forward
- 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?arrow_forwardHelp pls!!!arrow_forwardYou are considering investing in a mutual fund. The fund is expected to earn a return of 19.0 percent in the next year. If its annual return is normally distributed with a standard deviation of 10.3 percent, what return can you expect the fund to beat 95 percent of the time?arrow_forward
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