Question

A year ago, the Alpine Growth 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 handheld 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.)

Related Questions

Early last year, the Zoe Growth Fund ran advertisements in the financial pages of major newspapers.... a year ago Green Technologies Growth Funds was being quoted at an Nav of $21.50 A year ago, the Green Technologies Growth Fund was being quoted at an NAV of $21.50 and an offer pri... A college professor contributes $5,000 per year into her retirement fund by making many small deposi...