Homework Answers
Answer: Option A is correct.
NAV-(Total assets - Liabilities)/Shares outstanding
=>NAV=(240*1000000-110000)/(11*1000000)
=(240000000-110000)/11000000
=21.80818182
So, the net asset value (NAV) per share should be
$21.80818182
However, the shares are selling at a discount price of $19.26
The discount percentage is (21.80818182-19.26)/19.26=13.23%
Add Answer to:
24. A closed-end fund has total assets of $240 million and liabilities of 110,000. There are...
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 $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.)
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...
Just part C The Twenty-First Century closed-end fund has $350 million in securities, $8 million in...
Just part C
The Twenty-First Century closed-end fund has $350 million in securities, $8 million in liabilities and 20 million shares outstanding. It trades at a 10 percent discount from net asset value (NAV). a. What is the net asset value of the fund? b. What is the current price of the fund? c. Suggest two reasons why the fund may be trading at a discount from net asset value.
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...
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...
c) The Stone Harbor Fund is a closed-end investment company with a portfolio currently worth $300...
c) The Stone Harbor Fund is a closed-end investment company with a portfolio currently worth $300 million. It has liabilities of $5 million and 9 million shares outstanding. If the fund sells for $30 a share, what is its premium or discount as a percent of NAV? (8 points) 1b) Consider a no-load mutual fund with $200 million in assets and 10 million shares at the start of the year and with $250 million in assets and 11 million shares...
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?
i need help with these 3 questions 11,12,13 11. Fund S is a closed-end investment company...
i need help with these 3 questions
11,12,13
11. Fund S is a closed-end investment company with a portfolio currently worth $300 million. It has liabilities of $5 million and 9 million shares outstanding. If the fund sells for $30 a share, what is its premium or discount as a percent of NAV? A. 9.26% premium B. 8.47% premium C. 9.26% discount D. 8.47% discount Answer: 12. Mutual funds that hold both equities and fixed-income securities in relatively stable proportions...
i need help with these 3 questions 11,12,13 11. Fund S is a closed-end investment company...
i need help with these 3 questions
11,12,13
11. Fund S is a closed-end investment company with a portfolio currently worth $300 million. It has liabilities of $5 million and 9 million shares outstanding. If the fund sells for $30 a share, what is its premium or discount as a percent of NAV? A. 9.26% premium B. 8.47% premium C. 9.26% discount D. 8.47% discount Answer: 12. Mutual funds that hold both equities and fixed-income securities in relatively stable proportions...
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...
Just part C
The Twenty-First Century closed-end fund has $350 million in securities, $8 million in liabilities and 20 million shares outstanding. It trades at a 10 percent discount from net asset value (NAV). a. What is the net asset value of the fund? b. What is the current price of the fund? c. Suggest two reasons why the fund may be trading at a discount from net asset value.
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...
c) The Stone Harbor Fund is a closed-end investment company with a portfolio currently worth $300 million. It has liabilities of $5 million and 9 million shares outstanding. If the fund sells for $30 a share, what is its premium or discount as a percent of NAV? (8 points) 1b) Consider a no-load mutual fund with $200 million in assets and 10 million shares at the start of the year and with $250 million in assets and 11 million shares...
i need help with these 3 questions
11,12,13
11. Fund S is a closed-end investment company with a portfolio currently worth $300 million. It has liabilities of $5 million and 9 million shares outstanding. If the fund sells for $30 a share, what is its premium or discount as a percent of NAV? A. 9.26% premium B. 8.47% premium C. 9.26% discount D. 8.47% discount Answer: 12. Mutual funds that hold both equities and fixed-income securities in relatively stable proportions...
i need help with these 3 questions
11,12,13
11. Fund S is a closed-end investment company with a portfolio currently worth $300 million. It has liabilities of $5 million and 9 million shares outstanding. If the fund sells for $30 a share, what is its premium or discount as a percent of NAV? A. 9.26% premium B. 8.47% premium C. 9.26% discount D. 8.47% discount Answer: 12. Mutual funds that hold both equities and fixed-income securities in relatively stable proportions...
Most questions answered within 3 hours.
-
Given a regression sum of squares equal to 2373.59 and a total
sum of squares equal...
asked 1 hour ago -
Compare and contrast the linear motion and angular motion
equations F ma and . That is,...
asked 42 minutes ago -
Now that this course has taken you on a journey of introduction
to the world of...
asked 1 hour ago -
The sandwich maker of the EE-Cole-Eye Sandwich Truck was just
fired (for a reason described below)...
asked 3 hours ago -
Name the following coordination compounds using systematic
nomenclature.
1. [Co(H2O)6]Cl2:
2. [Cr(NH3)6](NO3)3:
3. K4[Fe(CN)6]:
4. Na[Au(CN)4]:...
asked 3 hours ago -
Propose an efficient synthesis of 2-Bromo-5-nitrotoluene from
benzene. Hint: 3 steps. Consider directing effects of substituents....
asked 5 hours ago -
This assignment will explore the impact of corporate decisions
on a local versus a global perspective....
asked 4 hours ago -
Given the function below, F(w,x,y,z)= x’z+w’z’+w’y
a) draw a logic diagram for an implementation which uses...
asked 4 hours ago -
Most political philosophers believe we have a duty to obey laws,
even if the laws in...
asked 5 hours ago -
Which of the following are common negotiation outcome
mistakes?
a. Leave money on the table b....
asked 5 hours ago -
Convert the following quantities:
a) 0.819 atm to torr b) 512 mmHg to bar c) 11.2...
asked 5 hours ago -
C ++ Implement cat command
The purpose of this assignment is to provide practice using the...
asked 5 hours ago