Homework Answers
Ans a. $ 10000
Sales commisison is deducte when Samantha will sale these stocks. At the time of purchase there is no deduction from the amount deposited.
So, value invested in mutual funds will be $ 10000.
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Samantha James puts $10,000 into a load mutual fund. She knows that her up front sales...
QUESTION 5 Samantha has the following transactions: 1. She purchases $5,000 worth of a mutual fund...
QUESTION 5 Samantha has the following transactions: 1. She purchases $5,000 worth of a mutual fund with cash from her savings account II. She spends $6,000 on a vacation with cash from her money market account III. She spends $10,000 on new furniture, and uses her credit card to make the purchase What is the combined impact of these transactions on her net worth? $21,000 decrease. $6,000 decrease $15,000 increase $6,000 increase
Cheryl has invested $600 in a mutual fund that charges 6% front-end load. She plans to...
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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...
Jennifer is interested in the mutual fund RBC U.S. Index Fund – Series A. She has...
Jennifer is interested in the mutual fund RBC U.S.
Index Fund – Series A. She has a few questions for
you before she buys this investment.
a) Does the reported fund’s return include the Management
Expense Ratio (MER) ? Yes or No
b) What type of fee is charged: No-load, Front-end load or a
Back-end load?
c) Is the status of this mutual fund classified as a closed-end
or open-end mutual fund?
d) Based on your response in c), explain...
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Read about Cokes strategy in Africa in the article below and discuss the ethics of selling...
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QUESTION 5 Samantha has the following transactions: 1. She purchases $5,000 worth of a mutual fund with cash from her savings account II. She spends $6,000 on a vacation with cash from her money market account III. She spends $10,000 on new furniture, and uses her credit card to make the purchase What is the combined impact of these transactions on her net worth? $21,000 decrease. $6,000 decrease $15,000 increase $6,000 increase
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...
Jennifer is interested in the mutual fund RBC U.S.
Index Fund – Series A. She has a few questions for
you before she buys this investment.
a) Does the reported fund’s return include the Management
Expense Ratio (MER) ? Yes or No
b) What type of fee is charged: No-load, Front-end load or a
Back-end load?
c) Is the status of this mutual fund classified as a closed-end
or open-end mutual fund?
d) Based on your response in c), explain...
objective risk excepr: O All fthe following are methods used by ingurance are methods used by insurance companies to A. safety education programs. C. investment in investment grade securities only D. use of deductibles. selective underwriting of insureds of: 7. A life insurance company needs more liquidity when selling a high proportion A. one-year renewable term policies B. annuities. C, thirty-year term policies D. whole life policies. one of the following statements about universal life insurance is not true? A....
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