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Video: Compound Annual Growth Rate (CAGR) Definition
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Date |
Open |
High |
Low |
Close |
Volume |
12/10/2018 |
$12.54 |
$12.74 |
$12.53 |
$12.73 |
12.90K | 12/11/2018 |
$12.73 |
$12.75 |
$12.73 |
$12.74 |
1.20K | 12/12/2018 |
$12.64 |
$12.64 |
$12.55 |
$12.59 |
600 | 12/13/2018 |
$12.55 |
$12.56 |
$12.39 |
$12.39 |
5.10K | 12/14/2018 |
$12.31 |
$12.45 |
$12.30 |
$12.35 |
8.80K |
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Eaton Vance Michigan Municipal Income Trust is a non-diversified, closed-end management investment companies. The Trust's investment objective is to provide current income exempt from regular federal income taxes and taxes in the state of Michigan. The Trust seeks to achieve its objective by investing primarily in investment grade municipal obligations issued by the state of Michigan. As of Nov 30 2016, the Trust's investment portfolio totaled $45,173,502 and its assets totaled $47,857,168. | |
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Eaton Vance Michigan Municipal Income Trust (EMI) has the following price history information. Looking back at EMI historical stock prices for the last five trading days, on December 10, 2018, EMI opened at $12.54, traded as high as $12.74 and as low as $12.53, and closed at $12.73. Trading volume was a total of 12.90K shares. On December 11, 2018, EMI opened at $12.73, traded as high as $12.75 and as low as $12.73, and closed at $12.74. Trading volume was a total of 1.20K shares. On December 12, 2018, EMI opened at $12.64, traded as high as $12.64 and as low as $12.55, and closed at $12.59. Trading volume was a total of 600 shares. On December 13, 2018, EMI opened at $12.55, traded as high as $12.56 and as low as $12.39, and closed at $12.39. Trading volume was a total of 5.10K shares. On December 14, 2018, EMI opened at $12.31, traded as high as $12.45 and as low as $12.30, and closed at $12.35. Trading volume was a total of 8.80K shares.
EMI Historical Stock Prices By Date:
Below, we examine the compound annual growth rate — CAGR for short — of an investment into Eaton Vance Michigan Municipal Income Trust shares, starting with a $10,000 purchase of EMI, and working forward through the historical stock price information to today.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
12/14/2018 |
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Start price/share: |
$12.19 |
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End price/share: |
$12.35 |
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Starting shares: |
820.34 |
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Ending shares: |
1,025.79 |
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Dividends reinvested/share: |
$2.89 |
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Total return: |
26.69% |
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Average Annual Total Return: |
5.24% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$12,667.77 |
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Years: |
4.63 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
12/14/2018 |
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Start price/share: |
$12.19 |
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End price/share: |
$12.35 |
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Dividends collected/share: |
$2.89 |
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Total return: |
25.04% |
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Average Annual Total Return: |
4.94% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$12,501.44 |
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Years: |
4.63 |
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Date |
Close |
12/10/2018 | $12.73 | 12/11/2018 | $12.74 | 12/12/2018 | $12.59 | 12/13/2018 | $12.39 | 12/14/2018 | $12.35 |
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