Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a closed-end fund starts the year with a net asset

A closed-end fund starts the year with a net asset value of $32 premium to...

90.2K

Verified Solution

Question

Accounting

image
image
A closed-end fund starts the year with a net asset value of $32 premium to $3.50 By year-end, NAV equals S3410. At the beginning of the year, the fund is seling at a 4% NAV By the end of the year, the fund is selling at a 9% discount to NAV. The tund paid year-end distributions of inco me and capital gains of a. What is the rate of return to an investor in the fund during the year? (Do not round intermediate calculations. Round your answer to 2 decimal places) Rate of return b. What would have been the rate of return to an investor who held the same secunties as the fund manager during the year? (Round your answer to 2 decimal places.) Rate of return

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students