Investors wish to purchase shares of an open-end mutual fund will buy from other sellers in the secondary markets.
True
False
please find below the solution..
Statement is False : Investors wish to purchase shares of an open-end mutual fund will buy from other sellers in the secondary markets.
Open ended mutual fund are need to purchase from mutual fund only.
Investors wish to purchase shares of an open-end mutual fund will buy from other sellers in...
If investors want to make automatic transfer to buy new shares on a regular interval, they should choose mutual fund over ETF True or False ?
The most significant difference between an exchange traded fund and an open end mutual fund is that a. The net asset value (NAV) of exchange traded funds is higher than the NAV of open end mutual funds. b. An investor can divest himself of his exchang traded fund shares by selling them to another investor, but an investor can only sell his open end mutual fund shares back to the mutual fund c. Exchange traded funds do not have to...
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?
An open-end mutual fund has the following stocks: Stock Stock Price $ 96 Shares 7,000 33,000 4,600 81,000 If there are 52,000 shares of the mutual fund, what is the NAV? (Do not round inter Round your answer to 2 decimal places.) Net asset value
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 6,500 $97 B 33,000 16 C 4,600 87 D 78,000 11 There are 51,000 shares of the mutual fund, and liabilities of $115,000. What is the NAV of the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places.
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 6,000 $98 B 33,000 19 C 4,600 89 D 82,500 12 Assume there are 50,000 shares of the mutual fund, and liabilities of $110,000. Assume the fund is sold with a 6.25 percent front-end load. What is the offering price of the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) Offering price $
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 9,500 $91 B 33,000 20 C 10,000 75 D 68,000 13 There are 57,000 shares of the mutual fund, and liabilities of $150,000. What is the NAV of the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) Net asset value $
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 12,500 $ 85 B 32,000 14 C 3,500 67 D 79,000 11 The fund has 51,000 shares and liabilities of $128,000. Assume the fund is sold with a front-end load of 3.5 percent. What is the offering price of the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
One year ago, Allison purchased 350 shares of a mutual fund which has a front-end load of 5.25 percent. The NAV at the time of purchase was $30. Today, the NAV is $33. The fund had total annual expenses of 1.65 percent. There were no fund distributions this past year. What is Allison's rate of return for the year? Group of answer choices 4.76 percent -1.10 percent -1.04 percent 4.23 percent 5.00 percent You want to buy 1,200 shares of...
Suppose today a mutual fund contains 2,000 shares of JPMorgan Chase, currently trading at $64.75,1,000 shares of Walmart, currently trading at $63.10, and 2,500 shares of Pfizer, currently trading at $31.50. The mutual fund has no liabilities and 10,000 shares outstanding held by investors. a. What is the NAV of the fund? b. Calculate the change in the NAV of the fund if tomorrow JPMorgan's shares increase to $66, Walmart's shares increase to $68, and Pfizer's shares decrease to $30....