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- Compute the total and annual returns on the following investment. Nine years after purchasing shares in a mutual fund for $7000 , the shares are sold for $11,400 .You purchased 500 shares of The New Century Fund at NAV of $23.56 last year. The fund distributed $4.35 in dividends at the end of the year and the current NAV is $21.78. What is the adjusted closing price of your purchase? Please show how to solve in excelSixteen years after purchasing shares in a mutual fund for $5900, the shares sold for $11,600. What is the total return ? What is the annual return ?
- I bought 750 shared for $20.75 a share. At the end of the year I received income dividends of .12/share & capital gains distribution of .06/share. At the end of 12 months the shares sold for $15.75. What is the total return for this fund? What is the percentage of total return?Ten years after purchasing shares in a mutual fund for $7600, the shares are sold for 11,900. What is the total return ? What is the annual return ?Suppose an individual invests $24,000 in a load mutual fund for two years. The load fee entails an up-front commission charge of 2.8 percent of the amount invested and is deducted from the original funds invested. In addition, annual fund operating expenses (or 12b-1 fees) are 0.59 percent. The annual fees are charged on the average net asset value invested in the fund and are recorded at the end of each year. Investments in the fund return 7 percent each year paid on the last day of the year. If the investor reinvests the annual returns paid on the investment, calculate the annual return on the mutual funds over the two-year investment period. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Annual return %
- Give typing answer with explanation and conclusion Jessica had 600 shares of G Fund on January 1. The shares had a value of $22.35. During the year she received $1,080 in dividends and $1,620 in capital gains distributions. Jessica used the funds to purchase new shares at an average price of $18 per share. By the end of the year the shares declined to $15.83 per share. What is her percentage rate of return?K Compute the total and annual returns on the following investment. Six years after purchasing shares in a mutual fund for $7800, the shares are sold for $11,400. The the total return is %. (Do not round until the final answer. Then round to one decimal place as needed.) The annual return is %. (Do not round until the final answer. Then round to one decimal place as needed.)Ayayai Corporation, during the year ended October 31, 2024, had the following transactions for money - market instruments purchased to earn interest: Jan. 2 Purchased a 90-day, $34,800 treasury bill maturing on May 1 for $ 34,591. May 1 The treasury bill matured. Aug. 1 Invested $56, 600 in a money - market fund. Aug. 31 Received notification that $142 of interest had been earned and added to the fund. Sept. 30 Received notification that $142 of interest had been earned and added to the fund. Oct. 1 Purchased a 60-day, 2.00%, $26, 100 treasury bill for $25,970. Oct. 15 Cashechthe money - market fund and received $56,955. (a) Prepare the journal entries to record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)…
- Tom had 300 shares of the XYZ Fund on January 1. The shares had a value of GHS23. During the year, he received GHS150 in dividends and GHS450 in capital gains distributions. He used the funds to purchase shares at an average price of GHS25 per share. By the end of the year, the shares were all up to GHS27. What is the percentage of his total return?Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual fund. The value of each investment at the end of each subsequent year is provided in the table: Which of the two mutual funds performed better over this time period?K Compute the total and annual returns on the following investment. Sixteen years after purchasing shares in a mutual fund for $6000, the shares are sold for $11,100. The the total return is%. (Do not round until the final answer. Then round to one decimal place as needed.)
