Week 13 Discussion

Week 13 Discussion - ACE 245 Discussion Sections Week 13...

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ACE 245 Discussion Sections – Week 13 Goals: 1) Be able to compute stock yields; 2) Be able to analyze personal financial circumstances and suggest reasonable solutions. 1. The ACES mutual fund offers no-load shares. One year ago, the shares were worth $25.60. Today, the NAV is $28.83. During the year, dividends of $0.72/share were paid out and a capital gain distribution of $0.65 was made. What was the approximate yield for the fund? $0.72 + 0.65 + ($28.83 - $25.60) = $4.60 = 0.169 = 16.9% ($28.83 - $25.60) / 2 $27.22 2. Denise has taken a plum job and finds that she has about $7000 in annual discretionary funds over and above all current expenses and taxes. She wants advice about how to use those funds. How would you respond? Points on which to touch: a. Need to set some goals at the outset. Does she anticipate more education? Acquiring major assets? Early retirement? b. Does her employer offer programs that could leverage her funds? c.
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Week 13 Discussion - ACE 245 Discussion Sections Week 13...

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