QUESTION 16
Monica purchased 100 shares of NOLA mutual fund at a price of $25 per share at the beginning of the year and paid a front-end load of 4.5%. The securities in the fund increased in value by 11% during the year and the fund’s expense ratio was 1.2%. What was Monica’s annual return for this year assuming she were to sell at year end?
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a. 4.50%. |
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b. 4.85%. |
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c. 5.30%. |
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d. 9.80%. |
QUESTION 26
Most actively managed mutual funds, when compared to a market index:
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a. Beat the index return in all years. |
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b. Beat the index return in most years. |
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c. Exceed the return of the index. |
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d. Do not generally outperform the index. |
Effective purchase price = (1 - 0.045)(25) = $23.875
Price of share after all expenses = 23.875(1.11)(1 - 0.012) = $26.18
Return Rate = (26.18 - 25)/25
Return Rate = 4.85%
Do not generally outperform the index
QUESTION 16 Monica purchased 100 shares of NOLA mutual fund at a price of $25 per...
QUESTION 15 Delta Mutual Funds had year-end assets of $625 million and liabilities of $35 million. There were 25 million shares in the fund at year-end. What was Delta Mutual Funds net asset value? a. $22.90. b. $23.60. c. $24.30. d. $25.00. QUESTION 16 Monica purchased 100 shares of NOLA mutual fund at a price of $25 per share at the beginning of the year and paid a front-end load of 4.5%. The securities in the fund increased in value...
QUESTION 25 Atlas Fund had year-end assets of $459 million and liabilities of $21 million. If the NAV was $28.25, how many shares were there? a. 15,504,425. b. 15,907,625. c. 16,001,225. d. 16,247,788. QUESTION 26 Most actively managed mutual funds, when compared to a market index: a. Beat the index return in all years. b. Beat the index return in most years. c. Exceed the return of the index. d. Do not generally outperform the index.
Most actively managed mutual funds, when compared to a market index such as the Wilshire 5000, A. beat the market return in all years. B. beat the market return in most years. C. exceed the return on index funds. D. do not outperform the market.
You purchased shares of a mutual fund at an offering price of $95 per share at the beginning of the year and paid a front–end load of 4.00%. If the securities in which the fund invested increased in value by 13.25% during the year, and the fund’s expense ratio was 1.50%, what is your rate of return if you sold the fund at the end of the year? Enter your answer rounded to two decimal places. The price of a...
You purchased shares of a mutual fund at an offering price of $95 per share at the beginning of the year and paid a front-end load of 4.25%. If the securities in which the fund invested increased in value by 9.75% during the year, and the fund's expense ratio was 1.90%, what is your rate of return if you sold the fund at the end of the year?
You purchased shares of a mutual fund at a price of $27 per share at the beginning of the year and paid a front-end load of 1.2%. If the securities in which the fund invested increased in value by 12.9% during the year, and the fund's expense ratio was 2.6%, your return if you sold the fund at the end of the year would be ____________%. Select one: a. 12.9 b. -3.8 c. 11.5 d. 10.3 e. 9.0
You purchased shares of a mutual fund at a price of $24.6 per share two years ago and paid a front-end load of 4.8% at that point. Assume that the securities in which the fund invested in increased in value by 5.7% during the first year and 4.7% during the second year. Assume further that the fund's expense ratio was 2.4%. Your total return if you sold the fund at the end of the second year would be ______%. Answer...
QUESTION 35 In comparison to their relevant index, most actively managed mutual funds: a. Outperform during bull markets. b. Outperform during the majority of bear and bull markets. c. Match their benchmark return the majority of the time. d. Underperform the majority of the time. QUESTION 36 Which of the following statements regarding exchange-traded funds (ETFs) is least likely to be accurate? a. ETFs can be sold short. b. ETFs are more tax efficient than open-end mutual funds. c. ETFs...
Five years ago, you purchased 220.80 shares of a mutual fund. Since then, you have reinvested your fund dividends and acquired an additional 35.10 shares. The fund currently has an NAV of $37.60. The fund charges a contingent deferred sales charge of 5 percent for the first 2 years after which time the charge declines by 1 percent a year. How much money will you receive if you redeem all of your shares today? Group of answer choices $9,700.79 $9,510.18...
QUESTION 27 Mutual fund management fees may include: a. Front-end loads. b. Investment advisor fees. c. 12b-1 charges. d. All of the above. QUESTION 28 In January of this year, Colin invested in the Alpha Aggressive Growth & Accumulation Fund (Alpha). The fund had NAV per share of $21.60 in January of this year. On December 31 of the same year, the fund’s NAV was $26.98. Income distributions were $0.90 and the fund had capital distributions of $1.20. What rate...