A year ago, an investor bought 100 shares of a mutual fund at $7.64 per share. This year, the fund has paid dividends of $0.71 per share and had a capital gains distribution of $0.52 per share. a. Find the investor's holding period return, given that this no-load fund now has a net asset value of $8.13. b. Find the holding period return, assuming all the dividends and capital gains distributions are reinvested in additional shares of the fund at an average price of $7.76 per share. a. Given that this no-load fund now has a net asset value of $8.13, the investor's holding period return is %. (Round to two decimal places.)

A year ago, an investor bought 100 shares of a mutual fund at $7.64 per share. This year, the fund has paid dividends of $0.71 per share and had a capital gains distribution of $0.52 per share. a. Find the investor's holding period return, given that this no-load fund now has a net asset value of $8.13. b. Find the holding period return, assuming all the dividends and capital gains distributions are reinvested in additional shares of the fund at an average price of $7.76 per share. a. Given that this no-load fund now has a net asset value of $8.13, the investor's holding period return is %. (Round to two decimal places.)

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 7FPE

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