Question

Betty and James Holloway invested $67,500 in the Financial Vision Social Responsibility Fund. The management fee for this fun

0 0
Add a comment Improve this question Transcribed image text
Answer #1

investment value = 67500

by assuming the investment value is asset value

asset value= 67500

management fees = 0.6% of total assets

management fess= 0.6%*67500= 405

Add a comment
Know the answer?
Add Answer to:
Betty and James Holloway invested $67,500 in the Financial Vision Social Responsibility Fund. The management fee...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Mike Jackson invested a total of $15,600 in the New Colony Pacific Region mutual fund. The...

    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:

  • The value of Mike Jackson’s shares in the New Frontiers Technology Fund is $51,400. 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.

  • 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 $52,900. The management fee for this particular fund is 0.7 percent of the total asset value. Calculate the management fee Mike must pay this year. (Round your answer to 2 decimal places.) Management fee

  • .A hedge fund with $1 billion of assets charges a management fee of 2% and an...

    .A hedge fund with $1 billion of assets charges a management fee of 2% and an incentive fee of 20% of returns over a money market rate, which currently is 5%. For portfolio returns of 1296, calculate total fees as a percent of assets under management. 7.00% 3.4096 12.00% 20.00%

  • Suppose an individual invests $5,000 in a load mutual fund for two years. The load fee...

    Suppose an individual invests $5,000 in a load mutual fund for two years. The load fee entails an up-front commission charge of 2 percent of the amount invested and is deducted from the original funds invested. In addition, annual fund operating expenses (or 12b-1 fees) are 0.75 percent. The annual fees are charged on the average net asset value invested in the fund and are recorded at the end of each year. Investments in the fund return 8 percent each...

  • Suppose an individual invests $40,000 in a load mutual fund for two years. The load fee...

    Suppose an individual invests $40,000 in a load mutual fund for two years. The load fee entails an up-front commission charge of 3 percent of the amount invested and is deducted from the original funds invested. In addition, annual fund operating expenses (or 12b-1 fees) are 0.60 percent. The annual fees are charged on the average net asset value invested in the fund and are recorded at the end of each year. Investments in the fund return 5 percent each...

  • Suppose an individual invests $50,000 in a load mutual fund for two years. The load fee...

    Suppose an individual invests $50,000 in a load mutual fund for two years. The load fee entails an up-front commission charge of 2 percent of the amount invested and is deducted from the original funds invested. In addition, annual fund operating expenses (or 12b-1 fees) are 0.90 percent. The annual fees are charged on the average net asset value invested in the fund and are recorded at the end of each year. Investments in the fund return 5 percent each...

  • Suppose an individual invests $25,000 in a load mutual fund for two years. The load fee entails an up-front commission...

    Suppose an individual invests $25,000 in a load mutual fund for two years. The load fee entails an up-front commission charge of 3 percent of the amount invested and is deducted from the original funds invested. In addition, annual fund operating expenses (or 12b-1 fees) are 0.85 percent. The annual fees are charged on the average net asset value invested in the fund and are recorded at the end of each year. Investments in the fund return 8 percent each...

  • John Galt is a mutual fund manager at Atlas Asset Management. He can generate capital. After...

    John Galt is a mutual fund manager at Atlas Asset Management. He can generate capital. After that amount his skills are spread too thin,, so he cannot add value and his alpha is zero for all investments over $500 million. Atlas Asset Management charges a fee of 0.80% on the total amount of money under management. Assume that there are always investors looking for positive alpha investments and no investor would invest in a fund with a negative alpha. Assume...

  • 15) John Galt is a mutual fund manager at Atlas Asset Management. He can generate an...

    15) John Galt is a mutual fund manager at Atlas Asset Management. He can generate an alpha of 2% a year up to $500 million of invested capital. After that amount, his skills are spread too thin, so he cannot add value and his alpha is zero for all investments over $500 million. Atlas Asset Management charges a fee of 0.80% on the total amount of money under management. Assume that there are always investors looking for positive alpha investments...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT