32.
Patty O’Furniture purchased 100 shares of Green Isle mutual fund at a net asset value of
$42 per share. During the year Patty received dividend income distributions of $2.00 per
share and capital gains distributions of $4.30 per share. At the end of the year the shares
had a net asset value of $40 per share. What was Patty’s rate of return on this
investment?
33.
Assume that you purchased 200 shares of Super Performing mutual fund at a net asset
value of $21 per share. During the year you received dividend income distributions of $1.50
per share and capital gains distributions of $2.85 per share. At the end of the year the
shares had a net asset value of $23 per share. What was your rate of return on this
investment?
34.
Assume that you purchased shares of High Flying mutual fund at a net asset value of
$12.50 per share. During the year you received dividend income distributions of $0.78 per
share and capital gains distributions of $1.67 per share. At the end of the year the shares
had a net asset value of $13.87 per share. What was your rate of return on this
investment?
35.
Assume that you purchased shares of a mutual fund at a net asset value of $14.50 per
share. During the year you received dividend income distributions of $0.27 per share and
capital gains distributions of $0.65 per share. At the end of the year the shares had a net
asset value of $13.74 per share. What was your rate of return on this investment?
36.
Assume that you purchased shares of a mutual fund at a net asset value of $10.00 per
share. During the year you received dividend income distributions of $0.05 per share and
capital gains distributions of $0.06 per share. At the end of the year the shares had a net
asset value of $8.16 per share. What was your rate of return on this investment?
37.
A mutual fund had year-end assets of $560,000,000 and liabilities of $26,000,000. There
were 23,850,000 shares in the fund at year-end. What was the mutual fund’s net asset
value?
38.
A mutual fund had year-end assets of $250,000,000 and liabilities of $4,000,000. There
were 3,750,000 shares in the fund at year-end. What was the mutual fund’s net asset
value?
39.
A mutual fund had year-end assets of $700,000,000 and liabilities of $7,000,000. There
were 40,150,000 shares in the fund at year-end. What was the mutual fund’s net asset
value?
40.
A mutual fund had year-end assets of $750,000,000 and liabilities of $7,500,000. There
were 40,000,000 shares in the fund at year-end. What was the mutual fund’s net asset
value?
41.
A mutual fund had year-end assets of $465,000,000 and liabilities of $37,000,000. If the
fund NAV was $56.12, how many shares must have been held in the fund?
42.
A mutual fund had year-end assets of $521,000,000 and liabilities of $63,000,000. If the
fund NAV was $26.12, how many shares must have been held in the fund?
43.
A mutual fund had year-end assets of $327,000,000 and liabilities of $46,000,000. If the
fund NAV was $30.48, how many shares must have been held in the fund?
44.
A mutual fund had year-end assets of $437,000,000 and liabilities of $37,000,000. If the
fund NAV was $60.12, how many shares must have been held in the fund?
45.
A mutual fund had NAV per share of $19.00 on January 1, 2012. On December 31 of the
same year the fund’s NAV was $19.14. Income distributions were $0.57 and the fund had
capital gain distributions of $1.12. Without considering taxes and transactions costs, what
rate of return did an investor receive on the fund last year?
46.
A mutual fund had NAV per share of $23.00 on January 1, 2012. On December 31 of the
same year the fund’s NAV was $23.15. Income distributions were $0.63 and the fund had
capital gain distributions of $1.26. Without considering taxes and transactions costs, what
rate of return did an investor receive on the fund last year?
47.
A mutual fund had NAV per share of $26.25 on January 1, 2012. On December 31 of the
same year the fund’s rate of return for the year was 16.4%. Income distributions were
$1.27 and the fund had capital gain distributions of $1.85. Without considering taxes and
transactions costs, what ending NAV would you calculate?
48.
A mutual fund had NAV per share of $16.75 on January 1, 2012. On December 31 of the
same year the fund’s rate of return for the year was 26.6%. Income distributions were
$1.79 and the fund had capital gain distributions of $2.80. Without considering taxes and
transactions costs, what ending NAV would you calculate?
49.
A mutual fund had NAV per share of $36.15 on January 1, 2012. On December 31 of the
same year the fund’s rate of return for the year was 14.0%. Income distributions were
$1.16 and the fund had capital gain distributions of $2.12. Without considering taxes and
transactions costs, what ending NAV would you calculate?
50.
A mutual fund had NAV per share of $37.12 on January 1, 2012. On December 31 of the
same year the fund’s rate of return for the year was 11.0%. Income distributions were
$2.26 and the fund had capital gain distributions of $1.64. Without considering taxes and
transactions costs, what ending NAV would you calculate?