208: Mutual Funds
Respond to the following prompt and scenario:
Differentiate between open-end and closed-end mutual funds. (Your response should be 1 – 2 paragraphs.)
Now imagine that you bought a mutual fund that had a beginning NAV of $10 per share. It paid dividends of $0.50 and distributed capital gains of $0.75. After one year, the ending NAV is $9.50.What is your total return? (Do the math using MS Excel or the tables tool in MS Word to make your calculations and show all of your work. )
Research mutual funds and choose a fund in which you might like to invest.
Identify this fund and explain why you are interested.