Homework Answers
To compute the number of shares, we must first compute the NAV, which is:
($15.39 – NAV) / NAV = –0.061
NAV = $16.39
Shares outstanding = $725,000,000 / $16.39 = 44,247,788
Add Answer to:
The Argentina Fund has $725 million in assets and sells at a discount of 6.1 percent...
The Argentina Fund has $450 million in assets and sells at a discount of 6.3 percent...
The Argentina Fund has $450 million in assets and sells at a discount of 6.3 percent to NAV. If the quoted share price for this closed-end fund is $16.42, how many shares are outstanding? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
The Argentina Fund has $735 million in assets and sells at a discount of 5.9 percent to NAV. If the quoted share price f...
The Argentina Fund has $735 million in assets and sells at a discount of 5.9 percent to NAV. If the quoted share price for this closed-end fund is $14.36, how many shares are outstanding? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
Problem 4-9 Closed-End Funds (LO2, CFA3) A closed-end fund has total assets of $255 million and...
Problem 4-9 Closed-End Funds (LO2, CFA3) A closed-end fund has total assets of $255 million and liabilities of $120,000. Currently, 12 million shares are outstanding. What is the NAV of the fund? If the shares currently sell for $20.00, what is the premium or discount on the fund? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round the NAV answer to 2 decimal places. Enter the premium or discount as a percent rounded...
The Closed Fund is a closed-end investment company with a portfolio currently worth $255 million. It...
The Closed Fund is a closed-end investment company with a portfolio currently worth $255 million. It has liabilities of $3 million and 5 million shares outstanding a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV $ b. If the fund sells for $47 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Round your answer to 2 decimal places.) The fund sells...
The Closed Fund is a closed-end investment company with a portfolio currently worth $235 million. It...
The Closed Fund is a closed-end investment company with a portfolio currently worth $235 million. It has liabilities of $2 million and 5 million shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV $C b. If the fund sells for $43 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Round your answer to 2 decimal places.) The fund sells...
The Emerging Growth and Equity Fund is a “low-load” fund. The current offer price quotation for...
The Emerging Growth and Equity Fund is a “low-load” fund. The current offer price quotation for this mutual fund is $14.80, and the front-end load is 1.65 percent. a. What is the NAV? (Round your answer to 2 decimal places.) b. If there are 13.2 million shares outstanding, what is the current market value of assets owned by the fund? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
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 Closed Fund is a closed-end investment company with a portfolio currently worth $180 million. It...
The Closed Fund is a closed-end investment company with a portfolio currently worth $180 million. It has liabilities of $6 million and 12 million shares outstanding. a. What is the NAV of the fund? b. If the fund sells for $15 per share, what is its premium or discount as a percent of net asset value? (Input the amount as a positive value. Round your answer to 2 decimal places.)
24. A closed-end fund has total assets of $240 million and liabilities of 110,000. There are...
24. A closed-end fund has total assets of $240 million and liabilities of 110,000. There are ll million shares outstanding. If the shares currently sell for $19.25, what is the premium or discount on the fund? A) A discount greater than 5% A discount less than 5% It is trading at the Net Asset Value [NAV] A premium less than 5% E A premium greater than 5%
A mutal fund with 1 million shares has 800 million of assets and 20 million of...
A mutal fund with 1 million shares has 800 million of assets and 20 million of liabilities. What is its NAV? If fund is traded at $55 per share what is it premium or discount in dollars and as percentage? What type of fund it must be if its price is (substantially) different from NAV?
Problem 4-9 Closed-End Funds (LO2, CFA3) A closed-end fund has total assets of $255 million and liabilities of $120,000. Currently, 12 million shares are outstanding. What is the NAV of the fund? If the shares currently sell for $20.00, what is the premium or discount on the fund? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round the NAV answer to 2 decimal places. Enter the premium or discount as a percent rounded...
The Closed Fund is a closed-end investment company with a portfolio currently worth $255 million. It has liabilities of $3 million and 5 million shares outstanding a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV $ b. If the fund sells for $47 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Round your answer to 2 decimal places.) The fund sells...
The Closed Fund is a closed-end investment company with a portfolio currently worth $235 million. It has liabilities of $2 million and 5 million shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV $C b. If the fund sells for $43 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Round your answer to 2 decimal places.) The fund sells...
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...
24. A closed-end fund has total assets of $240 million and liabilities of 110,000. There are ll million shares outstanding. If the shares currently sell for $19.25, what is the premium or discount on the fund? A) A discount greater than 5% A discount less than 5% It is trading at the Net Asset Value [NAV] A premium less than 5% E A premium greater than 5%
Most questions answered within 3 hours.
-
Calculate the number density of argon gas at a temperature of
24C and a pressure of...
asked 24 minutes ago -
Alternative
Classification
How to Estimate
Probabilities from Data? ( For continuous Attributes)
And How to generate...
asked 27 minutes ago -
An explosion breaks a 20.0-kg object into three parts. The
object is initially moving at a...
asked 1 hour ago -
Calculate the approximate number of residues of Rubisco, which
is involved in carbon fixation in plants,...
asked 2 hours ago -
Other decisions about scientific claims can have a much broader
impact.ENERGYarrow-10x10.png, environment, health, security - all...
asked 3 hours ago -
I need to write a research paper and work cited about this
topic: The United States...
asked 3 hours ago -
Hello! I was wondering if I could have some help?
If the vapor pressure of carvone...
asked 4 hours ago -
An economist wants to estimate the mean per capita income (in
thousands of dollars) for a...
asked 4 hours ago -
What would be the input/output characteristic of a circuit
obtained by putting two of your 2's-complementers...
asked 4 hours ago -
In Drosophila, the transition from the syncytial blastoderm
stage to the cellular blastoderm stage is a...
asked 4 hours ago -
Project management question:
Name 3 different types of resources (hint: humans are one
type)
asked 4 hours ago -
Consider the following reaction: C 2H 2( g) + 2H 2( g) C 2H 6(
g)...
asked 5 hours ago