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The Twenty-First Century closed-end fund has $350 million in securities, $8 million in...
24. A closed-end fund has total assets of $240 million and liabilities of 110,000. There are...
24. A closed-end fund has total assets of $240 million and liabilities of 110,000. There are ll million shares outstanding. If the shares currently sell for $19.25, what is the premium or discount on the fund? A) A discount greater than 5% A discount less than 5% It is trading at the Net Asset Value [NAV] A premium less than 5% E A premium greater than 5%
Problem 4-9 Closed-End Funds (LO2, CFA3) A closed-end fund has total assets of $255 million and...
Problem 4-9 Closed-End Funds (LO2, CFA3) A closed-end fund has total assets of $255 million and liabilities of $120,000. Currently, 12 million shares are outstanding. What is the NAV of the fund? If the shares currently sell for $20.00, what is the premium or discount on the fund? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round the NAV answer to 2 decimal places. Enter the premium or discount as a percent rounded...
The Closed Fund is a closed-end investment company with a portfolio currently worth $180 million. It...
The Closed Fund is a closed-end investment company with a portfolio currently worth $180 million. It has liabilities of $6 million and 12 million shares outstanding. a. What is the NAV of the fund? b. If the fund sells for $15 per share, what is its premium or discount as a percent of net asset value? (Input the amount as a positive value. Round your answer to 2 decimal places.)
The Closed Fund is a closed-end investment company with a portfolio currently worth $255 million. It...
The Closed Fund is a closed-end investment company with a portfolio currently worth $255 million. It has liabilities of $3 million and 5 million shares outstanding a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV $ b. If the fund sells for $47 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Round your answer to 2 decimal places.) The fund sells...
The Closed Fund is a closed-end investment company with a portfolio currently worth $235 million. It...
The Closed Fund is a closed-end investment company with a portfolio currently worth $235 million. It has liabilities of $2 million and 5 million shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV $C b. If the fund sells for $43 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Round your answer to 2 decimal places.) The fund sells...
The ABC fund, a close end fund, consist of three securities- 1000 shares of Security A,...
The ABC fund, a close end fund, consist of three securities- 1000 shares of Security A, which is currently trading at $35; 2000 shares of Security B, which is trading at $45; and 3000 shares of Security C, which is trading at $55; What is ABC funds' NAV if has $87 000 in net liabilities and 10 000 shares outstanding?
Calculating NAV A fund has a market value of securities of $1,010 million, cash and receivables...
Calculating NAV A fund has a market value of securities of $1,010 million, cash and receivables of $50 million, current liabilities of $46 million and has 29 million fund shares outstanding. What is the fund's NAV per share?
c) The Stone Harbor Fund is a closed-end investment company with a portfolio currently worth $300...
c) The Stone Harbor Fund is a closed-end investment company with a portfolio currently worth $300 million. It has liabilities of $5 million and 9 million shares outstanding. If the fund sells for $30 a share, what is its premium or discount as a percent of NAV? (8 points) 1b) Consider a no-load mutual fund with $200 million in assets and 10 million shares at the start of the year and with $250 million in assets and 11 million shares...
i need help with these 3 questions 11,12,13 11. Fund S is a closed-end investment company...
i need help with these 3 questions
11,12,13
11. Fund S is a closed-end investment company with a portfolio currently worth $300 million. It has liabilities of $5 million and 9 million shares outstanding. If the fund sells for $30 a share, what is its premium or discount as a percent of NAV? A. 9.26% premium B. 8.47% premium C. 9.26% discount D. 8.47% discount Answer: 12. Mutual funds that hold both equities and fixed-income securities in relatively stable proportions...
i need help with these 3 questions 11,12,13 11. Fund S is a closed-end investment company...
i need help with these 3 questions
11,12,13
11. Fund S is a closed-end investment company with a portfolio currently worth $300 million. It has liabilities of $5 million and 9 million shares outstanding. If the fund sells for $30 a share, what is its premium or discount as a percent of NAV? A. 9.26% premium B. 8.47% premium C. 9.26% discount D. 8.47% discount Answer: 12. Mutual funds that hold both equities and fixed-income securities in relatively stable proportions...
24. A closed-end fund has total assets of $240 million and liabilities of 110,000. There are ll million shares outstanding. If the shares currently sell for $19.25, what is the premium or discount on the fund? A) A discount greater than 5% A discount less than 5% It is trading at the Net Asset Value [NAV] A premium less than 5% E A premium greater than 5%
Problem 4-9 Closed-End Funds (LO2, CFA3) A closed-end fund has total assets of $255 million and liabilities of $120,000. Currently, 12 million shares are outstanding. What is the NAV of the fund? If the shares currently sell for $20.00, what is the premium or discount on the fund? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round the NAV answer to 2 decimal places. Enter the premium or discount as a percent rounded...
The Closed Fund is a closed-end investment company with a portfolio currently worth $255 million. It has liabilities of $3 million and 5 million shares outstanding a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV $ b. If the fund sells for $47 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Round your answer to 2 decimal places.) The fund sells...
The Closed Fund is a closed-end investment company with a portfolio currently worth $235 million. It has liabilities of $2 million and 5 million shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV $C b. If the fund sells for $43 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Round your answer to 2 decimal places.) The fund sells...
c) The Stone Harbor Fund is a closed-end investment company with a portfolio currently worth $300 million. It has liabilities of $5 million and 9 million shares outstanding. If the fund sells for $30 a share, what is its premium or discount as a percent of NAV? (8 points) 1b) Consider a no-load mutual fund with $200 million in assets and 10 million shares at the start of the year and with $250 million in assets and 11 million shares...
i need help with these 3 questions
11,12,13
11. Fund S is a closed-end investment company with a portfolio currently worth $300 million. It has liabilities of $5 million and 9 million shares outstanding. If the fund sells for $30 a share, what is its premium or discount as a percent of NAV? A. 9.26% premium B. 8.47% premium C. 9.26% discount D. 8.47% discount Answer: 12. Mutual funds that hold both equities and fixed-income securities in relatively stable proportions...
i need help with these 3 questions
11,12,13
11. Fund S is a closed-end investment company with a portfolio currently worth $300 million. It has liabilities of $5 million and 9 million shares outstanding. If the fund sells for $30 a share, what is its premium or discount as a percent of NAV? A. 9.26% premium B. 8.47% premium C. 9.26% discount D. 8.47% discount Answer: 12. Mutual funds that hold both equities and fixed-income securities in relatively stable proportions...
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