Management Fee = (Management Fee %)(Value of Fund)
So,
Management Fee = (0.007)(52,900)
Management Fee = $370.30
The value of Mike Jackson's shares in the New Frontiers Technology Fund is $52,900. The management...
The value of Mike Jackson’s shares in the New Frontiers Technology Fund is $51,400. The management fee for this particular fund is 0.80 percent of the total asset value. Calculate the management fee Mike must pay this year.
Mike Jackson invested a total of $15,600 in the New Colony Pacific Region mutual fund. The management fee for this particular fund is 0.50 percent of the total asset value. Calculate the management fee Mike must pay this year. (Round your answer to 2 decimal places.) Management fee:
Betty and James Holloway invested $67,500 in the Financial Vision Social Responsibility Fund. The management fee for this fund is 0.6 percent of the total asset value. Calculate the management fee the Holloways must pay. Management fee
The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 270,000 $ 30 B 370,000 35 C 470,000 10 D 670,000 15 The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $50,000. There are 5 million shares outstanding. What is the net asset value of the fund? (Round your answer to 2 decimal places.) Net asset value $
The composition of the Fingroup Fund portfolio is as follows: Stock Price $ 30 Shares 210,000 310,000 410,000 610,000 35 Jowo D 10 15 The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $20,000. There are 3 million shares outstanding. What is the net asset value of the fund? (Round your answer to 2 decimal places.) Net asset value
we If a mutual funds net asset value is $23.30 and the fund sells its shares for $25.00, what is the load fee as a percentage of the net asset value Round your two decimal places
You purchased 4,600 shares in the New Pacific Growth Fund on January 2, 2016, at an offering price of $34.20 per share. The front-end load for this fund is 5 percent, and the back-end load for redemptions within one year is 3 percent. The underlying assets in this mutual fund appreciate (including reinvested dividends) by 7 percent during 2016, and you sell back your shares at the end of the year. If the operating expense ratio for the New Pacific...
You purchased 5,600 shares in the New Pacific Growth Fund on January 2, 2016, at an offering price of $45.90 per share. The front-end load for this fund is 4 percent, and the back-end load for redemptions within one year is 2 percent. The underlying assets in this mutual fund appreciate (including reinvested dividends) by 5 percent during 2016, and you sell back your shares at the end of the year. If the operating expense ratio for the New Pacific...
You purchased 5,600 shares in the New Pacific Growth Fund on January 2, 2016, at an offering price of $45.90 per share. The front-end load for this fund is 4 percent, and the back-end load for redemptions within one year is 2 percent. The underlying assets in this mutual fund appreciate (including reinvested dividends) by 5 percent during 2016, and you sell back your shares at the end of the year. If the operating expense ratio for the New Pacific...
You purchased 3,600 shares in the New Pacific Growth Fund on January 2, 2016, at an offering price of $29.30 per share. The front-end load for this fund is 6 percent, and the back-end load for redemptions within one year is 1 percent. The underlying assets in this mutual fund appreciate (including reinvested dividends) by 6 percent during 2016, and you sell back your shares at the end of the year. If the operating expense ratio for the New Pacific...