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 $
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An open-end fund has a net asset value of $12.60 per share. It
is sold with...
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 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 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.)
You purchased 2,800 shares in the New Pacific Growth Fund on January 2, 2019, at an offering price of $55.70 per share. The front-end load for this fund is 5 percent, and the back-end load for redemptions within one year is 3 percent. The underlying asset
You purchased 2,800 shares in the New Pacific Growth Fund on January 2, 2019, at an offering price of $55.70 per share. The front-end load for this fund is 5 percent, and the back-end load for redemptions within one year is 3 percent. The underlying assets in this mutual fund appreciate (including reinvested dividends) by 5 percent during 2019, and you sell back your shares at the end of the year. If the operating expense ratio for the New Pacific...
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 4.00%. If the securities in which the fund invested increased in value by 13.25% during the year, and the fund’s expense ratio was 1.50%, what is your rate of return if you sold the fund at the end of the year? Enter your answer rounded to two decimal places. The price of a...
Suppose that at the start of the year, no-load mutual fund has a net asset value...
Suppose that at the start of the year, no-load mutual fund has a net asset value of $27.80 per share. During the year, it pays its shareholders a capital gain and dividend distribution of $1.16 per share and finishes the year with an NAV of $30.18. a. What is the return to an investor who holds 258.156 shares of this fund his (nontaxable) retirement account? Do not round intermediate calculations. Round your answer to two decimal places. b. What is...
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...
A closed-end fund starts the year with a net asset value of $24. By year-end, NAV...
A closed-end fund starts the year with a net asset value of $24. By year-end, NAV equals $25.30. At the beginning of the year, the fund is selling at a 2% premium to NAV. By the end of the year, the fund is selling at a 7% discount to NAV. The fund paid year-end distributions of income and capital gains of $2.70. a. What is the rate of return to an investor in the fund during the year? (Do not...
A closed-end fund starts the year with a net asset value of $18. By year-end, NAV...
A closed-end fund starts the year with a net asset value of $18. By year-end, NAV equals $18.70. At the beginning of the year, the fund is selling at a 2% premium to NAV. By the end of the year, the fund is selling at a 7% discount to NAV. The fund paid year-end distributions of income and capital gains of $2.10. a. What is the rate of return to an investor in the fund during the year? (Do not...
A closed-end fund starts the year with a net asset value of $24. By year-end, NAV...
A closed-end fund starts the year with a net asset value of $24. By year-end, NAV equals $25.30. At the beginning of the year, the fund is selling at a 2% premium to NAV. By the end of the year, the fund is selling at a 7% discount to NAV. The fund paid year-end distributions of income and capital gains of $2.70. a. What is the rate of return to an investor in the fund during the year? (Do not...
Suppose that at the start of the year, no-load mutual fund has a net asset value of $27.80 per share. During the year, it pays its shareholders a capital gain and dividend distribution of $1.16 per share and finishes the year with an NAV of $30.18. a. What is the return to an investor who holds 258.156 shares of this fund his (nontaxable) retirement account? Do not round intermediate calculations. Round your answer to two decimal places. b. What is...
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...
A closed-end fund starts the year with a net asset value of $24. By year-end, NAV equals $25.30. At the beginning of the year, the fund is selling at a 2% premium to NAV. By the end of the year, the fund is selling at a 7% discount to NAV. The fund paid year-end distributions of income and capital gains of $2.70. a. What is the rate of return to an investor in the fund during the year? (Do not...
A closed-end fund starts the year with a net asset value of $18. By year-end, NAV equals $18.70. At the beginning of the year, the fund is selling at a 2% premium to NAV. By the end of the year, the fund is selling at a 7% discount to NAV. The fund paid year-end distributions of income and capital gains of $2.10. a. What is the rate of return to an investor in the fund during the year? (Do not...
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