Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 04 Aug 2017 My Price 8.00

Shut Door Fund

2. Consider the recent performance of the Shut Door Fund, a closed-end fund.

Period

NAV $

Premium/Discount %

0

10.00

0.00

1

11.25

-5.0

2

9.85

+2.3

3

10.5

-3.2

4

12.3

-7.0

Here, price premiums and discounts are indicated by pluses and minuses respectively, and Period 0 represents the fund’s inception date.

  1. Calculate the average return per period for an investor who bought 100 shares of the Shut Door Fund at inception and then sold his position at the end of Period 4.
  2. What was the average periodic growth rate in NAV over that same period?
  3. Calculate the periodic return for another investor who bought 100 shares of Shut Door at the end of Period 1 and sold his position at the end of Period 2.
  4. What was the periodic growth rate in NAV between periods 1 and 2?

Answers

Maurice Tutor
(5)
Status NEW Posted 04 Aug 2017 10:08 AM My Price 8.00

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