Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. problem 4-10 mutual fund returns (lo2, cfa2) you i

Problem 4-10 Mutual Fund Returns (LO2, CFA2) You invested $95,000 in a mutual fund at...

70.2K

Verified Solution

Question

Accounting

image

Problem 4-10 Mutual Fund Returns (LO2, CFA2) You invested $95,000 in a mutual fund at the beginning of the year when the NAV was $81.18. At the end of the year, the fund paid $0.41 in short-term distributions and $0.58 in long-term distributions. If the NAV of the fund at the end of the year was $83.15, what was your return for the year? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer as a percent rounded 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