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Problem 4-9 Closed-End Funds (LO2, CFA3) A closed-end fund has total assets of $255 million and...
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...
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%
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 $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...
PLEASE HELP WITH ENTIRE EXERCISE A) You invested $50,000 in a mutual fund at the beginning...
PLEASE HELP WITH ENTIRE EXERCISE
A) You invested $50,000 in a mutual fund at the beginning of the
year when the NAV was $68.23. At the end of the year, the fund paid
$0.32 in short-term distributions and $0.49 in long-term
distributions. If the NAV of the fund at the end of the year was
$72.59, what was your return for the year?
B)
A closed-end fund has total assets of $510 million and liabilities of $290,000. Currently, 29 million...
Problem 17-03 Consider the recent performance of the Closed Fund, a closed-end fund devoted to finding...
Problem 17-03 Consider the recent performance of the Closed Fund, a closed-end fund devoted to finding undervalued, thinly traded stocks: Period NAV $10.40 11.15 9.75 10.10 12.20 Premium/Discount 0.0% -4.3 +1.8 -3.7 -7.4 Here, price premiums and discounts are indicated by pluses and minuses, respectively, and Period O represents Closed Fund's initiation date. Do not round intermediate calculations. Round your answers to two decimal places. Use a minus sign to enter negative values, if any. a. Calculate the average return...
Problem 17-03 Consider the recent performance of the Closed Fund, a closed-end fund devoted to finding...
Problem 17-03 Consider the recent performance of the Closed Fund, a closed-end fund devoted to finding undervalued, thinly traded stocks: Period NAV $10.45 11.70 9.90 10.65 12.35 Premium/Discount 0.0% -4.2 +1.7 -3.1 -7.1 Here, price premiums and discounts are indicated by pluses and minuses, respectively, and Period 0 represents Closed Fund's initiation date. Do not round intermediate calculations. Round your answers to two decimal places. Use a minus sign to enter negative values, if any. a. Calculate the average return...
Just part C The Twenty-First Century closed-end fund has $350 million in securities, $8 million in...
Just part C
The Twenty-First Century closed-end fund has $350 million in securities, $8 million in liabilities and 20 million shares outstanding. It trades at a 10 percent discount from net asset value (NAV). a. What is the net asset value of the fund? b. What is the current price of the fund? c. Suggest two reasons why the fund may be trading at a discount from net asset value.
Consider the recent performance of the Closed Fund, a closed-end fund devoted to finding undervalued, thinly...
Consider the recent performance of the Closed Fund, a closed-end fund devoted to finding undervalued, thinly traded stocks Premium/Discount Period NAV 0 $10.10 0.0% -5.4 1 11.40 2 10.10 +2,4 10.75 3 -2.9 12.30 -6.6 Here, price premiums and discounts are indicated by pluses and minuses, respectively, and Period 0 represents Closed Fund's initiation date. Do not round intermediate calculations. Round your answers to two decimal places. Use a minus sign to enter negative values, if any a. Calculate the...
NET ASSET VALUE NET ASSET VALUE Funds Assets / Outstanding Shares = NAV Funds Assets /...
NET ASSET VALUE NET ASSET VALUE Funds Assets / Outstanding Shares = NAV Funds Assets / Outstanding Shares = NAV Stock Shares Cur Value Total $ Stock Shares Cur Value Total $ TFD 100 $11.08 TFD 125 $12.50 ASX 125 $15.00 ASX 200 $10.00 XC 300 $11.00 XC 500 $13.00 VTY 122 $23.00 VTY 135 $22.00 Funds Assets Funds Assets Funds Shares 1000 Funds Shares 1000 NAV NAV Premium or Discount of CEF Premium or Discount of CEF (Share Price...
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...
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%
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...
PLEASE HELP WITH ENTIRE EXERCISE
A) You invested $50,000 in a mutual fund at the beginning of the
year when the NAV was $68.23. At the end of the year, the fund paid
$0.32 in short-term distributions and $0.49 in long-term
distributions. If the NAV of the fund at the end of the year was
$72.59, what was your return for the year?
B)
A closed-end fund has total assets of $510 million and liabilities of $290,000. Currently, 29 million...
Problem 17-03 Consider the recent performance of the Closed Fund, a closed-end fund devoted to finding undervalued, thinly traded stocks: Period NAV $10.40 11.15 9.75 10.10 12.20 Premium/Discount 0.0% -4.3 +1.8 -3.7 -7.4 Here, price premiums and discounts are indicated by pluses and minuses, respectively, and Period O represents Closed Fund's initiation date. Do not round intermediate calculations. Round your answers to two decimal places. Use a minus sign to enter negative values, if any. a. Calculate the average return...
Problem 17-03 Consider the recent performance of the Closed Fund, a closed-end fund devoted to finding undervalued, thinly traded stocks: Period NAV $10.45 11.70 9.90 10.65 12.35 Premium/Discount 0.0% -4.2 +1.7 -3.1 -7.1 Here, price premiums and discounts are indicated by pluses and minuses, respectively, and Period 0 represents Closed Fund's initiation date. Do not round intermediate calculations. Round your answers to two decimal places. Use a minus sign to enter negative values, if any. a. Calculate the average return...
Just part C
The Twenty-First Century closed-end fund has $350 million in securities, $8 million in liabilities and 20 million shares outstanding. It trades at a 10 percent discount from net asset value (NAV). a. What is the net asset value of the fund? b. What is the current price of the fund? c. Suggest two reasons why the fund may be trading at a discount from net asset value.
Consider the recent performance of the Closed Fund, a closed-end fund devoted to finding undervalued, thinly traded stocks Premium/Discount Period NAV 0 $10.10 0.0% -5.4 1 11.40 2 10.10 +2,4 10.75 3 -2.9 12.30 -6.6 Here, price premiums and discounts are indicated by pluses and minuses, respectively, and Period 0 represents Closed Fund's initiation date. Do not round intermediate calculations. Round your answers to two decimal places. Use a minus sign to enter negative values, if any a. Calculate the...
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