|
Video: Compound Annual Growth Rate (CAGR) Definition
|
|
Date |
Open |
High |
Low |
Close |
Volume |
12/10/2018 |
$12.59 |
$12.60 |
$12.58 |
$12.60 |
4.90K | 12/11/2018 |
$12.61 |
$12.65 |
$12.59 |
$12.65 |
1.60K | 12/12/2018 |
$12.60 |
$12.60 |
$12.60 |
$12.60 |
0 | 12/13/2018 |
$12.55 |
$12.56 |
$12.53 |
$12.53 |
4.20K | 12/14/2018 |
$12.44 |
$12.55 |
$12.43 |
$12.55 |
5.60K |
|
Eaton Vance Michigan Municipal Bond Fund is a newly organized, closed-end, diversified management investment company. The Fund's investment objective is to achieve current income exempt from regular federal income tax, including alternative minimum tax, and taxes in its specified state. The Fund seeks to achieve its objective by investing primarily in high grade municipal obligations that are insured as to the timely payment of principal and interest. As of Sept 30 2017, the Fund's total assets were $36,409,998 and the investment portfolio totaled $35,920,920. | |
|
Eaton Vance Michigan Municipal Bond Fund (MIW) has the following price history information. Looking back at MIW historical stock prices for the last five trading days, on December 10, 2018, MIW opened at $12.59, traded as high as $12.60 and as low as $12.58, and closed at $12.60. Trading volume was a total of 4.90K shares. On December 11, 2018, MIW opened at $12.61, traded as high as $12.65 and as low as $12.59, and closed at $12.65. Trading volume was a total of 1.60K shares. On December 12, 2018, MIW opened at $12.60, traded as high as $12.60 and as low as $12.60, and closed at $12.60. Trading volume was a total of 0 shares. On December 13, 2018, MIW opened at $12.55, traded as high as $12.56 and as low as $12.53, and closed at $12.53. Trading volume was a total of 4.20K shares. On December 14, 2018, MIW opened at $12.44, traded as high as $12.55 and as low as $12.43, and closed at $12.55. Trading volume was a total of 5.60K shares.
MIW Historical Stock Prices By Date:
Below, we examine the compound annual growth rate — CAGR for short — of an investment into Eaton Vance Michigan Municipal Bond Fund shares, starting with a $10,000 purchase of MIW, and working forward through the historical stock price information to today.
Growth of $10,000.00
With Dividends Reinvested
|
Start date: |
04/22/2014 |
|
End date: |
12/14/2018 |
|
Start price/share: |
$12.59 |
|
End price/share: |
$12.55 |
|
Starting shares: |
794.28 |
|
Ending shares: |
999.89 |
|
Dividends reinvested/share: |
$3.13 |
|
Total return: |
25.49% |
|
Average Annual Total Return: |
5.00% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$12,546.30 |
|
Years: |
4.65 |
|
|
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
04/22/2014 |
|
End date: |
12/14/2018 |
|
Start price/share: |
$12.59 |
|
End price/share: |
$12.55 |
|
Dividends collected/share: |
$3.13 |
|
Total return: |
24.56% |
|
Average Annual Total Return: |
4.84% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$12,457.66 |
|
Years: |
4.65 |
|
|
|
Date |
Close |
12/10/2018 | $12.60 | 12/11/2018 | $12.65 | 12/12/2018 | $12.60 | 12/13/2018 | $12.53 | 12/14/2018 | $12.55 |
|
|