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A closed-end fund’s NAV is $78 at the beginning of the year and $84 at the...
A closed-end fund’s NAV is $78 at the beginning of the year and $84 at the end of the year. At the beginning of the year the fund was selling at a 2% premium to NAV, at the end of the year it was selling at a 2% discount to NAV. The fund paid year-end distributions of income and capital gains of $1. What is the rate of the return to an investor, who bought the fund at the beginning of the year? (Provide your answer in percent rounded to two decimals omitting the % sign)
Solutions
jeff jeffy answered 1 year agoRelated Solutions
A closed-end fund’s NAV is $25 at the beginning of the year and $39 at the...
A closed-end fund’s NAV is $25 at the beginning of the year and
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Round your answer to 4...
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By year-end, NAV equals $31.90. At the beginning of the year, the
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a.
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One year ago, the Tyler Rose closed-end fund had a NAV of $35.19 and was selling...
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Balance sheet Beginning of Year End of Year Beginning of Year End of Year Cash 382...
Balance sheet
Beginning of Year
End of Year
Beginning of Year
End of Year
Cash
382
437
Accounts payable
1361
1043
Receivables
914
862
Long-term debt
3295
2982
Inventory
2039
2146
Common stock
750
820
Net fixed assets
5161
5379
Retained earnings
3090
3979
Total assets
8496
8824
Total Liab. & Equity
8496
8824
If the net income during the year was 900 and depreciation was
100 how much was the net cash from operations.
(see slide 6 of chapter...
A closed-end fund starts the year with a net asset value of $21 . by year-end...
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the year, the fund is selling at a 4% discount to NAV . the fund
paid year-end distributions of income and capital gains of 2.50$ .
what is the rate of return to an investor in the fund...
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