The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund. The front end load is 2%. You sell your shares within six months at an NAV of $11 per share. The redemption fees is 3%. What is your return from this mutual fund investment?
rate positively ..
Amount invested = | 100000 | |||
Front end load @ 2% = | 2000 | |||
Net amount invested = | 98000 | |||
NAV per share = | 10 | |||
Number of share holding = 98000/10 | 9800 | |||
Sales price = 9800*11 | 107800 | |||
Redemption fees @ 3% | 3234 | |||
Net sales price = | 104566 | |||
Therefore return = 104566-100000 | 4566 | |||
Return % = 4566/100000 | 4.57% | |||
Ans = | 4.57% |
The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund....
The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund. The front end load is 2%. You sell your shares within six months at an NAV of $11 per share. The redemption fees is 3%. What is your return from this mutual fund investment?
The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund. The front end load is 2%. The investment return of the fund for the year was 10%. You sell your shares. The redemption fees is 3% and the expense ratio is 4%. What is your return from this mutual fund investment?
The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund. The front end load is 2%. How many shares of the mutual fund do you hold?
You pay $23,000 to the Laramie Fund, which has a NAV of $19 per share at the beginning of the year. The fund deducted a front-end load of 4%. The securities in the fund increased in value by 10% during the year. The fund's expense ratio is 1.5% and is deducted from year-end asset values. What is your rate of return on the fund if you sell your shares at the end of the year?
3) Consider a no-load mutual fund with the net asset value (NAV) of $10 at the start of the year. At the end of the year, the mutual fund has $240 million in assets with 22 million shares and its total expense ratio is 1%. 1) What is the NAV at the end of the year? Please take into account the expense ratio.(20points) During the year investors have received income distributions of Si per share and capital gain distributions of...
You want to buy 1,200 shares of a mutual fund that has an NAV of $27.80. The fund charges a 3.75 percent front-end load. How much will you have to spend to make this purchase?
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 invest in a mutual fund that charges a 3% front-end load, 1% total annual fees, and a 2% back-end load, which decreases 0.5% per year. How much will you pay in fees on a $10,600 investment that does not grow if you cash out after 3 years of no gain?
Last year at this time, a mutual fund had a NAV of $13.20 per share. Over the past year the fund paid dividends of $0.70 per share and had a capital gains distribution of $1.20 per share. What is the holding period return assuming that the current NAV is $14.42? 23.6 30 What is the fundamental value of a call with a strike price of $30 and a market price of $33? $300 Grant purchased one call on XYZ stock...
Last year at this time, a mutual fund had an NAV of $13.20 per share. Over the past year the fund paid dividends of $0.70 per share and had a capital gains distribution of $1.20 per share. What is the holding period return assuming that the current NAV is $14.42? 23.6 19.78% What is the fundamental value of a call with a strike price of $30 and a market price of $33? $300 230 Grant purchased one call on XYZ...