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 Video: Compound Annual Growth Rate (CAGR) Definition
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| Date |
Open |
High |
Low |
Close |
Volume |
| 08/29/2014 |
$7.61 |
$7.64 |
$7.60 |
$7.60 |
5.40K | | 09/02/2014 |
$7.60 |
$7.62 |
$7.60 |
$7.61 |
3.90K | | 09/03/2014 |
$7.62 |
$7.65 |
$7.62 |
$7.63 |
8.30K | | 09/04/2014 |
$7.61 |
$7.62 |
$7.61 |
$7.62 |
2.10K | | 09/05/2014 |
$7.62 |
$7.63 |
$7.59 |
$7.60 |
5.70K |
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| American Income Fund is a diversified, closed-end management investment company. The Fund's investment objective is to achieve high monthly income consistent with prudent risk to capital. The Fund invests primarily in fixed-income securities, including, but not limited to, mortgage-backed securities, asset-backed securities, and high yield and investment grade corporate bonds. It also invests in debt securities, such as collateralized mortgage obligations and asset-backed securities, high-yield bonds, corporate bonds, and preferred stock. As of Aug 31 2012, the Fund's investment portfolio totaled $107,773,319 and its assets totaled $109,086,425. | |
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American Income Fund (MRF) has the following price history information. Looking back at MRF historical stock prices for the last five trading days, on August 29, 2014, MRF opened at $7.61, traded as high as $7.64 and as low as $7.60, and closed at $7.60. Trading volume was a total of 5.40K shares. On September 02, 2014, MRF opened at $7.60, traded as high as $7.62 and as low as $7.60, and closed at $7.61. Trading volume was a total of 3.90K shares. On September 03, 2014, MRF opened at $7.62, traded as high as $7.65 and as low as $7.62, and closed at $7.63. Trading volume was a total of 8.30K shares. On September 04, 2014, MRF opened at $7.61, traded as high as $7.62 and as low as $7.61, and closed at $7.62. Trading volume was a total of 2.10K shares. On September 05, 2014, MRF opened at $7.62, traded as high as $7.63 and as low as $7.59, and closed at $7.60. Trading volume was a total of 5.70K shares.
MRF Historical Stock Prices By Date:
Below, we examine the compound annual growth rate — CAGR for short — of an investment into American Income Fund shares, starting with a $10,000 purchase of MRF, 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: |
04/22/2014 |
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| End date: |
09/05/2014 |
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| Start price/share: |
$7.59 |
|
| End price/share: |
$7.60 |
|
| Starting shares: |
1,317.52 |
|
| Ending shares: |
1,352.19 |
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| Dividends reinvested/share: |
$0.20 |
|
| Total return: |
2.77% |
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| Annualized Gain: |
7.42% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$10,277.00 |
|
| Years: |
0.37 |
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Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
04/22/2014 |
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| End date: |
09/05/2014 |
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| Start price/share: |
$7.59 |
|
| End price/share: |
$7.60 |
|
| Dividends collected/share: |
$0.20 |
|
| Total return: |
2.77% |
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| Annualized Gain: |
7.43% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,277.00 |
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| Years: |
0.37 |
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| Date |
Close |
| 08/29/2014 | $7.60 | | 09/02/2014 | $7.61 | | 09/03/2014 | $7.63 | | 09/04/2014 | $7.62 | | 09/05/2014 | $7.60 |
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