Dollar amount of commission = investment x percentage of commission charge
= $51000 x 4.5%
= $2,295
Jan Throng invested $51,000 in the Invesco Charter mutual fund. The fund charges a commission (load)...
CO Bill Matthews is investing $15,200 in the Washington Mutual fund. The fund charges a 5.00 percent commission when shares are purchased. Calculate the amount of commission Bill must pay. (Round your answer to 2 decimal places.) Amount of commission eBook
Hunter invested $4 comma 000 in shares of a load mutual fund. The load of the fund is 5 %. When Hunter purchased the shares, the NAV per share was $42 . A year later, Hunter sold the shares at a NAV of $41 per share. What is Hunter's return from selling his shares in the mutual fund? Hunter's return from selling his shares in the mutual fund is
Suppose an individual invests $25,000 in a load mutual fund for two years. The load fee entails an up-front commission charge of 3 percent of the amount invested and is deducted from the original funds invested. In addition, annual fund operating expenses (or 12b-1 fees) are 0.85 percent. The annual fees are charged on the average net asset value invested in the fund and are recorded at the end of each year. Investments in the fund return 8 percent each...
Suppose an individual invests $5,000 in a load mutual fund for two years. The load fee entails an up-front commission charge of 2 percent of the amount invested and is deducted from the original funds invested. In addition, annual fund operating expenses (or 12b-1 fees) are 0.75 percent. The annual fees are charged on the average net asset value invested in the fund and are recorded at the end of each year. Investments in the fund return 8 percent each...
Suppose an individual invests $40,000 in a load mutual fund for two years. The load fee entails an up-front commission charge of 3 percent of the amount invested and is deducted from the original funds invested. In addition, annual fund operating expenses (or 12b-1 fees) are 0.60 percent. The annual fees are charged on the average net asset value invested in the fund and are recorded at the end of each year. Investments in the fund return 5 percent each...
Suppose an individual invests $50,000 in a load mutual fund for two years. The load fee entails an up-front commission charge of 2 percent of the amount invested and is deducted from the original funds invested. In addition, annual fund operating expenses (or 12b-1 fees) are 0.90 percent. The annual fees are charged on the average net asset value invested in the fund and are recorded at the end of each year. Investments in the fund return 5 percent each...
A mutual fund’s net asset value is $39.30, but the fund charges a 3 percent load fee (front- loaded) and an exit fee of 1 percent (if redeemed in 6 months) of net asset value. An individual client purchases 10 shares of the mutual fund on Jan 5 of year 20X1. During the year 20X1, the fund distributes $3.45 capital gain and $0.75 dividend income. The net asset value rises to $42.12 on Jan 5 of year 20X2 and the...
Amount of Shares Purchased. Hope invested $7.900 in a mutual fund at a time when the price per share was $20. The fund has a load fee of $331. How many shares did she purchase? Hope purchased shares. (Round to the nearest whole number). Enter your answer in the answer box DO
As Bart Brownlee approached retirement, he decided the time had come to invest some of his nest egg in a conservative fund. He chose the Franklin Utilities Fund. If he invests $25,000 and the fund charges a load of 4.5 percent when shares are purchased, what is the amount of commission (load) Bart must pay? Commission (load)
Cheryl has invested $600 in a mutual fund that charges 6% front-end load. She plans to keep her investment in the fund for the next 10 years. What will be her average annual return, if she expects the fund to earn a 5% reported return in an average year? 4.35% 4.7% -1.3% 5%