Assume there are two mutual funds in this world. NYC fund has $200 million in...
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Assume there are two mutual funds in this world. NYC fund has $200 million in assets and 10 million shares at the start of the year and with $250 million in assets and 11 million shares at the end of the year. During the year investors have received income distributions of $2 per share and capital gain distributions of $0.25 per share. Assume that the fund carries no debt, and that the annual expense ratio is 1%. Also there is ZYX fund with $120 million in assets and 5 million shares at the start of the year and with $160 million in assets 5.5 million shares at the end of the year. During the year investors have received income distributions of $1 per share and capital gain distributions of $.25 per share. Assume that the fund carries no debt, and that the annual expense ratio is 1.3% and front end load of 4%
what is the dollar value of your investment on the ZYX fund if you invested $12,000 at start of year and sold your shares at the end of year?
Assume there are two mutual funds in this world. NYC fund has $200 million in assets and 10 million shares at the start of the year and with $250 million in assets and 11 million shares at the end of the year. During the year investors have received income distributions of $2 per share and capital gain distributions of $0.25 per share. Assume that the fund carries no debt, and that the annual expense ratio is 1%. Also there is ZYX fund with $120 million in assets and 5 million shares at the start of the year and with $160 million in assets 5.5 million shares at the end of the year. During the year investors have received income distributions of $1 per share and capital gain distributions of $.25 per share. Assume that the fund carries no debt, and that the annual expense ratio is 1.3% and front end load of 4%
what is the dollar value of your investment on the ZYX fund if you invested $12,000 at start of year and sold your shares at the end of year?
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