Ten years ago, Taylor purchased 444.44 shares in a mutual fund for $22.50 per share
He has never made an additional investment in this fund, but because of reinvested dividends and capital gains, he now owns 1,200 shares with a net asset value of $25.88 per share. Ignoring taxes, his compound average annual rate of return (IRR) is
A) 10.0%.
B) 12%.
C) 21%.
D) 31%.
Answer: B
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Dextora Technologies manufactures microprocessors and caters exclusively to private manufacturers that produce high-end computers. Which type of market does Dextora directly target?
A) retail market B) government market C) consumer market D) business market E) reseller market
Which of the following is the role of attorneys as "gatekeepers"?
A. Evaluating a company's financial prospects or creditworthiness B. Functioning as intermediaries between a company's stockholders and its executives C. Ensuring that a company's decisions and transactions conform to the law D. Verifying a company's financial statements
Replacing a product after it has been sold is an external failure cost
Indicate whether the statement is true or false
According to Statements on Standards for Tax Services No. 1, a tax practitioner can recommend a tax return position:
A. only if the position meets the "clear and convincing evidence" standard. B. if the position complies with the standards imposed by the applicable tax authority. C. only if the position meets the "more likely than not" standard. D. if the position is frivolous and disclosed on the tax return. E. None of the choices are correct.