Transactions in a mutual fund

Assignment Help Financial Management

Reference no: EM13728259

Abe made the following transactions in a mutual fund: The fund paid a dividend of $2 per share

Date Price per share Transaction

January 1st $100 Bought 100 shares

April 1st $150 Bought 50 shares

July 1st $120 Dividend reinvested

September 1st $90 Sold 60 shares

December 31st $100 All shares are sold

on July 1st, which was reinvested in the fund. Assume fractional shares can be bought. Calculate the amount (in dollars) of Abe’s withdrawal on December 31st, and the interest earned during the year.

Reference no: EM13728259

Questions Cloud

Annual sales figure when evaluating this project : Travel America Coaches currently sells 15,000 motor homes per year at $94,000 each, and 1,500 luxury motor coaches per year at $159,000 each. The company wants to introduce a low-range camper to fill out its product line; it hopes to sell 6,000 of th..

Organize sales activities into a specific structure : Electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar - What are two advantages and two disadvantages of ..

What is the current bond price : App Store Co. issued 17-year bonds one year ago at a coupon rate of 6.3 percent. The bonds make semi-annual payments. If the YTM on these bonds is 5.5 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer..

Explain individual personalities and temperaments : Visit the CSU Online Library and locate a minimum of two recent articles on individual personalities and temperaments. Look for articles that discuss how personalities and temperaments affect management styles and/or organizational culture.

Transactions in a mutual fund : Abe made the following transactions in a mutual fund: The fund paid a dividend of $2 per share

Write an essay is based on the sinclair novel : The essay is based on the Sinclair novel, The Jungle. The essay should be 4-5 pages in length, double spaced and typed. Your essay will not be accepted if it contains more than five spelling errors.

Develop an organizational mission statement : Analyze the specific marketplace situation in detail, including organizational strengths, weaknesses, environmental opportunities, and threats (SWOT analysis). Develop an organizational mission statement

Key concern for international companies : Identifying and developing global leaders is a key concern for international companies. Compare and contrast the skills and context of the traditional, national manager with that of the international manager.

Affected by a stock dividend but not by a stock split : Which of the following balance sheet accounts will be affected by a stock dividend but not by a stock split?

User Account

All Pages