Sandy is considering investing in a mutual fund with the following information: - One year...

50.1K

Verified Solution

Question

Accounting

image
image
Sandy is considering investing in a mutual fund with the following information: - One year ago the mutual fund had a net asset value of $6.12. - The mutual fund paid a $0.45 dividend this year - The mutual fund has no liabilities. - This mutual fund has issued 100 shares. - The mutual fund owns: - 1 share of Target stock (\$160 today's price). - 1 share of Apple stock (\$139 today's price). - 1 share of Johnson and Johnson stock (\$171 today's price). - 1 share of Honeywell stock (\$208 today's price). 1. What is the Net Asset Value of this mutual fund today? Sandy is considering investing in a mutual fund with the following information: - One year ago the mutual fund had a net asset value of $6.12. - The mutual fund paid a $0.45 dividend this year - The mutual fund has no liabilities. - This mutual fund has isued 100 shares. - The mutual fund owns: - 1 share of Target stock (\$160 today's price). - 1 share of Apple stock (\$139 today's price). - 1 share of Johnson and Johnson stock (\$171 today's price). - 1 share of Honeywell stock (\$208 today's price). 1. What was the return for this mutual fund over the last year

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