Your portfolio has $525 million assets under management. During the year your fund sold 200,000 shares of ABC at $60 per share and sold 250,000 shares of DEF at $150 per share. It originally bought ABC for $54 per share and DEF for $125 per share. Your capital gains tax is 15%. What is your total tax liability for these transactions?
Your portfolio has $525 million assets under management. During the year your fund sold 200,000 shares...
Question 1 2 pts The Capital Fund has $425 million assets under management. During the year the fund sold 200,000 shares of ABC at $60 per share and sold 250,000 shares of DEF at $150 per share. It used the proceeds to buy 310,000 shares of GHI at $50 per share and 340,000 shares of JKL at $100 per share. What was the fund's annual turnover? 09.43% 0 10.24% O 11.65% o 23.30%
A fund has $870 million dollars of assets, $35 million of liabilities, and 14 million shares outstanding. During the year the fund made qualified dividend distributions of $1.6 per share, long term capital gains distributions of $1.2, and short-term capital gains distributions of $2.6. What is the after-tax distribution yield, if your marginal income tax rate is 35%, and your long term capital gains tax rate (which also applies to qualified dividends) is 15%? Enter answer in percents, accurate to...
A fund has $878 million dollars of assets, $21 million of liabilities, and 13 million shares outstanding. During the year the fund made qualified dividend distributions of $2.9 per share, long term capital gains distributions of $1.6, and short-term capital gains distributions of $1.9. What is the after-tax distribution yield, if your marginal income tax rate is 35%, and your long term capital gains tax rate (which also applies to qualified dividends) is 15%? Enter answer in percents, accurate to...
QUESTION 9 Consider a mutual fund with 171 million dollars in assets at the start of the year, and 29 millon shares outstanding. If the gross annual return last year was 13.4 percent, and the fund charges a total expense ratio of 1.7 percent of end-of-year value, what is the net return to investors? Enter answer in percents, accurate to two decimal places. QUESTION 10 A mutual fund has 389 million dollars in assets, 80 million in liabilities, and 20...
QUESTION 11 A fund has $863 million dollars of assets, $37 million of liabilities, and 14 million shares outstanding. During the year the fund made qualified dividend distributions of $2.3 per share, long term capital gains distributions of $1, and short-term capital gains distributions of $1.9. What is the after-tax distribution yield, if your marginal income tax rate is 35%, and your long term capital gains tax rate (which also applies to qualified dividends) is 15%? Enter answer in percents,...
A. Consider a mutual fund with $206 million in assets at the start of the year and with 20 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end of the year of $2 million. The stocks included in the fund's portfolio increase in price by 6%, but no securities are sold, and there are no capital gains distributions. The fund charges 12b-1 fees of 0.50%, which are deducted from portfolio assets...
Consider a mutual fund with $213 million in assets at the start of the year and with 12 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end of the year of $3 million. The stocks included in the fund's portfolio increase in price by 6%, but no securities are sold, and there are no capital gains distributions. The fund charges 12b-1 fees of 1.00%, which are deducted from portfolio assets at...
Consider a mutual fund with $203 million in assets at the start of the year and with 10 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end of the year of $5 million. The stocks included in the fund's portfolio increase in price by 7%, but no securities are sold, and there are no capital gains distributions. The fund charges 12b-1 fees of 0.75%, which are deducted from portfolio assets at...
Consider a mutual fund with $214 million in assets at the start of the year and with 10 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end of the year of $2 million. The stocks included in the fund's portfolio increase in price by 8%, but no securities are sold, and there are no capital gains distributions. The fund charges 12b-1 fees of 1.00 % , which are deducted from portfolio...
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?