Homework Answers
Net asset value =Total stock value/total shares
Net asset value =((7000*96)+(33000*12)+(4600*85)+(81000*10))/52000
NAV =43.63
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An open-end mutual fund has the following stocks: Stock Stock Price $ 96 Shares 7,000 33,000...
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 6,500 $97 B...
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 6,500 $97 B 33,000 16 C 4,600 87 D 78,000 11 There are 51,000 shares of the mutual fund, and liabilities of $115,000. What is the NAV of the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places.
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 9,500 $91 B...
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 9,500 $91 B 33,000 20 C 10,000 75 D 68,000 13 There are 57,000 shares of the mutual fund, and liabilities of $150,000. What is the NAV of the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) Net asset value $
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 6,000 $98 B...
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 6,000 $98 B 33,000 19 C 4,600 89 D 82,500 12 Assume there are 50,000 shares of the mutual fund, and liabilities of $110,000. Assume the fund is sold with a 6.25 percent front-end load. What is the offering price of the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) Offering price $
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 12,500 $ 85...
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 12,500 $ 85 B 32,000 14 C 3,500 67 D 79,000 11 The fund has 51,000 shares and liabilities of $128,000. Assume the fund is sold with a front-end load of 3.5 percent. What is the offering price of the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
PLEASE HELP WITH ENTIRE EXERCISE A) You invested $50,000 in a mutual fund at the beginning...
PLEASE HELP WITH ENTIRE EXERCISE
A) You invested $50,000 in a mutual fund at the beginning of the
year when the NAV was $68.23. At the end of the year, the fund paid
$0.32 in short-term distributions and $0.49 in long-term
distributions. If the NAV of the fund at the end of the year was
$72.59, what was your return for the year?
B)
A closed-end fund has total assets of $510 million and liabilities of $290,000. Currently, 29 million...
The most significant difference between an exchange traded fund and an open end mutual fund is...
The most significant difference between an exchange traded fund and an open end mutual fund is that a. The net asset value (NAV) of exchange traded funds is higher than the NAV of open end mutual funds. b. An investor can divest himself of his exchang traded fund shares by selling them to another investor, but an investor can only sell his open end mutual fund shares back to the mutual fund c. Exchange traded funds do not have to...
Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows: Stock Shares...
Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows: Stock Shares 1,200 1,500 1,900 900 Price $13 15 22 16 Market Value $15,600 22,500 41,800 14,400 $94,300 < N The fund began by selling $54,000 of stock at $9.00 per share. What is its NAV? Do not round intermediate calculations. Round your answer to the nearest cent.
Check my work Open-end Fund A has 169 shares of ATT valued at $37 each and...
Check my work Open-end Fund A has 169 shares of ATT valued at $37 each and 32 shares of Toro valued at $77 each. Closed-end Fund B has 77 shares of ATT and 74 shares of Toro, Both funds have 1,000 shares outstanding. a. What is the NAV of each fund using these prices? (Round your answers to 3 decimal places. (e.g., 32.161)) b. If the price of ATT stock Increases to $38.25 and the price of Toro stock declines...
The Western Capital Growth mutual fund has: Total assets Total liabilities Total number of shares $...
The Western Capital Growth mutual fund has: Total assets Total liabilities Total number of shares $ 844,500,000 24,100,000 40,000,000 What is the fund's net asset value (NAV) per share? (Round your answer to 2 decimal places.) Net asset value per share
An investor buys shares in a mutual fund for $21. At the end of the year...
An investor buys shares in a mutual fund for $21. At the end of the year the fund distributes a dividend of $0.53, and after the distribution the net asset value of a share is $24.81. What is the investor's percentage return on the investment? Round your answer to two decimal places.
PLEASE HELP WITH ENTIRE EXERCISE
A) You invested $50,000 in a mutual fund at the beginning of the
year when the NAV was $68.23. At the end of the year, the fund paid
$0.32 in short-term distributions and $0.49 in long-term
distributions. If the NAV of the fund at the end of the year was
$72.59, what was your return for the year?
B)
A closed-end fund has total assets of $510 million and liabilities of $290,000. Currently, 29 million...
Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows: Stock Shares 1,200 1,500 1,900 900 Price $13 15 22 16 Market Value $15,600 22,500 41,800 14,400 $94,300 < N The fund began by selling $54,000 of stock at $9.00 per share. What is its NAV? Do not round intermediate calculations. Round your answer to the nearest cent.
Check my work Open-end Fund A has 169 shares of ATT valued at $37 each and 32 shares of Toro valued at $77 each. Closed-end Fund B has 77 shares of ATT and 74 shares of Toro, Both funds have 1,000 shares outstanding. a. What is the NAV of each fund using these prices? (Round your answers to 3 decimal places. (e.g., 32.161)) b. If the price of ATT stock Increases to $38.25 and the price of Toro stock declines...
The Western Capital Growth mutual fund has: Total assets Total liabilities Total number of shares $ 844,500,000 24,100,000 40,000,000 What is the fund's net asset value (NAV) per share? (Round your answer to 2 decimal places.) Net asset value per share
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