Fund was being quoted at an nav of 2150 and an offer price, Ask an Expert

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Fund was being quoted at an naV of $21.50 and an offer price of $23.35; today, it’s being quoted at $23.04 (naV) and $25.04 (offer). Use the approximate yield formula or a financial calculator to find the rate of return on this load fund; it was purchased a year ago, and its dividends and capital gains distributions over the year totaled $1.05 a share. (Hint: as an investor, you buy fund shares at the offer price and sell at the naV.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92172922

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