contestada

Assume that you purchased shares of High Flying mutual fund at a net asset value of $12.50 per share. During the year, you received dividend income distributions of $0.78 per share and capital gains distributions of $1.67 per share. At the end of the year, the shares had a net asset value of $13.87 per share. What was your after-"tax" rate of return on this investment

Respuesta :

abiolataiwo2015

Answer:

30.56%

Explanation:

Net asset value of $13.87 per share

Flying mutual fund at a net asset value of $12.50

Dividend income distributions of $0.78 per share

Capital gains distributions of $1.67 per share

Hence;

R = ($13.87 - $12.50 + 0.78 + 1.67)/$ 12.50

R= 30.56%

Therefore your after-"tax" rate of return on this investment will be 30.56%

Otras preguntas