An open-end mutual fund has the following stocks: Stock Shares Stock Price A 12,500 $ 85...
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.)
Homework Answers
I have answered the question below
Please up vote for the same and thanks!!!
Do reach out in the comments for any queries
Answer:
First step is to calculate the total value of all stocks
=>
= 12500 * 85 + 32000 * 14 + 3500 * 67 + 79000 * 11 = 2614000
= 2614000 - 128,000/51000 = 48.745
= 48.745 * ( 1 + 0.035) = 50.4511
Add Answer to:
An open-end mutual fund has the following stocks:
Stock
Shares
Stock Price
A
12,500
$
85...
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 6,000 $98 B...
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 6,500 $97 B...
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 9,500 $91 B...
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 Stock Price $ 96 Shares 7,000 33,000...
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
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...
Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows: Stock Shares...
Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows: Stock Shares 1,200 1,500 1,900 900 Price $13 15 22 16 Market Value $15,600 22,500 41,800 14,400 $94,300 < N The fund began by selling $54,000 of stock at $9.00 per share. What is its NAV? Do not round intermediate calculations. Round your answer to the nearest cent.
You purchased shares of a mutual fund at an offering price of $95 per share at...
You purchased shares of a mutual fund at an offering price of $95 per share at the beginning of the year and paid a front-end load of 4.25%. If the securities in which the fund invested increased in value by 9.75% during the year, and the fund's expense ratio was 1.90%, what is your rate of return if you sold the fund at the end of the year?
If the offering price of an open-end fund is $13.40 per share and the fund is...
If the offering price of an open-end fund is $13.40 per share and the fund is sold with a front-end load of 6%, what is its net asset value? (Round your answer to 2 decimal places.) Net asset value $
An open-end fund has a net asset value of $12.60 per share. It is sold with...
An open-end fund has a net asset value of $12.60 per share. It is sold with a front-end load of 7%. What is the offering price? (Round your answer to 2 decimal places.) Offering price $
You are going to invest in a stock mutual fund with a front-end load of 5.5...
You are going to invest in a stock mutual fund with a front-end load of 5.5 percent and an expense ratio of 1.59 percent. You also can invest in a money market mutual fund with a return of 2.7 percent and an expense ratio of 0.20 percent. If you plan to keep your investment for 2 years, what annual return must the stock mutual fund earn to exceed an investment in the money market fund? What if your investment horizon...
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
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...
Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows: Stock Shares 1,200 1,500 1,900 900 Price $13 15 22 16 Market Value $15,600 22,500 41,800 14,400 $94,300 < N The fund began by selling $54,000 of stock at $9.00 per share. What is its NAV? Do not round intermediate calculations. Round your answer to the nearest cent.
Most questions answered within 3 hours.
-
Create an ArrayListReview class with one generic type to do the
following
• Creates an array...
asked 12 minutes ago -
Two thermic power plants have the following marginal and total
cost of abatement of nitrogen oxide...
asked 12 minutes ago -
Which of the following statements does not correctly describe an
adjustment to net income when determining...
asked 25 minutes ago -
A sample of argon gas has a volume of 735 mL at a pressure of
1.20...
asked 21 minutes ago -
Write a Java program to find the perimeter of rectangle and ask
the user to input...
asked 38 minutes ago -
what will be the effect of increasing the substrate
concentration in the presence of competitive inhibition?...
asked 40 minutes ago -
Analyze the case Carpenter v. United States by the Kantianism
and Social Contract Theory, here is...
asked 43 minutes ago -
The number of nonprofits operating in the United States today is
approximately:
3.5 million.
1.9 million....
asked 41 minutes ago -
(25) Katia Kool bought 622 shares of a Grade A
stock at $21.77 per share and...
asked 1 hour ago -
Program for the bisection method for finding the root of the
nonlinear equation with a programming...
asked 1 hour ago -
A beaker with 165 mL of an acetic acid buffer with a pH of 5.000
is...
asked 1 hour ago -
Consider a 4.21-meter-long solenoid with 9130.0 turns of wire
carrying a current 2.61 A. Running right...
asked 1 hour ago