Homework Answers
The NAV of the fund = (Market value of the fund)/(Number of
outstanding shares)
= 11.7 billion / 350 million shares = 11.7*1000/360=32.5
Current market price quotation = $35.08
Front end load =35.08-32.5 = 2.58
Front end load as a % of NAV =2.58/32.5= 7.94%
Front end load as a % of current market quotation =2.58/35.08 =7.35%
Add Answer to:
The World Income Appreciation Fund has current assets with a market value of $11.7 billion, 350 million shares outstand...
The World Income Appreciation Fund has current assets with a market value of $7.2 billion, 330...
The World Income Appreciation Fund has current assets with a market value of $7.2 billion, 330 million shares outstanding, and a current market price quotation of $23.08. Calculate the front-end load. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.) Front-end load %
The Emerging Growth and Equity Fund is a “low-load” fund. The current offer price quotation for...
The Emerging Growth and Equity Fund is a “low-load” fund. The current offer price quotation for this mutual fund is $14.80, and the front-end load is 1.65 percent. a. What is the NAV? (Round your answer to 2 decimal places.) b. If there are 13.2 million shares outstanding, what is the current market value of assets owned by the fund? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
The Blackapple Fund has assets with a market value of $58 million and 1,200,000 shares outstanding....
The Blackapple Fund has assets with a market value of $58 million and 1,200,000 shares outstanding. If the front-end load is 3.8%, what is the offering price?
Saved Homework An investment fund has the following assets in its portfolio: $36 million in fixed-income...
Saved Homework An investment fund has the following assets in its portfolio: $36 million in fixed-income securities and $36 million in stocks at current market values. In the event of a liquidity crisis, it can sell its assets at a 93 percent discount if they are disposed of in two days. It will receive 95 percent if disposed of in four days. Two shareholders, A and B. own 4 percent and 6 percent of equity (shares). respectively a. Market uncertainty...
The Argentina Fund has $725 million in assets and sells at a discount of 6.1 percent...
The Argentina Fund has $725 million in assets and sells at a discount of 6.1 percent to NAV. If the quoted share price for this closed-end fund is $15.39, how many shares are outstanding? (Do not round intermediate calculations. Round your answer to the nearest whole number.) Shares outstandingſ
The Argentina Fund has $450 million in assets and sells at a discount of 6.3 percent...
The Argentina Fund has $450 million in assets and sells at a discount of 6.3 percent to NAV. If the quoted share price for this closed-end fund is $16.42, how many shares are outstanding? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
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...
An investment fund has the following assets in its portfolio: $36 million in fixed-income securities and...
An investment fund has the following assets in its portfolio: $36 million in fixed-income securities and $36 million in stocks at current market values. In the event of a liquidity crisis, it can sell its assets at a 93 percent discount if they are disposed of in two days. It will receive 95 percent of disposed of in four days. Two shareholders, A and B. own 4 percent and 6 percent of equity (shares) respectively. a. Market uncertainty has caused...
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...
The Argentina Fund has $735 million in assets and sells at a discount of 5.9 percent to NAV. If the quoted share price f...
The Argentina Fund has $735 million in assets and sells at a discount of 5.9 percent to NAV. If the quoted share price for this closed-end fund is $14.36, how many shares are outstanding? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
Saved Homework An investment fund has the following assets in its portfolio: $36 million in fixed-income securities and $36 million in stocks at current market values. In the event of a liquidity crisis, it can sell its assets at a 93 percent discount if they are disposed of in two days. It will receive 95 percent if disposed of in four days. Two shareholders, A and B. own 4 percent and 6 percent of equity (shares). respectively a. Market uncertainty...
The Argentina Fund has $725 million in assets and sells at a discount of 6.1 percent to NAV. If the quoted share price for this closed-end fund is $15.39, how many shares are outstanding? (Do not round intermediate calculations. Round your answer to the nearest whole number.) Shares outstandingſ
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...
An investment fund has the following assets in its portfolio: $36 million in fixed-income securities and $36 million in stocks at current market values. In the event of a liquidity crisis, it can sell its assets at a 93 percent discount if they are disposed of in two days. It will receive 95 percent of disposed of in four days. Two shareholders, A and B. own 4 percent and 6 percent of equity (shares) respectively. a. Market uncertainty has caused...
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...
Most questions answered within 3 hours.
-
5. Advertising expenses are a significant component of the cost
of products sold. The following distribution...
asked 1 second from now -
How much heat is required to heat 2.79 grams of ice to 125C?
And can you...
asked 57 seconds ago -
(a) What is the ionization energy of a hydrogen atom that is in
? = 4...
asked 1 minute ago -
What are considerations for managers and leaders who working with
Latin American based on their culture,...
asked 2 minutes ago -
You use a rope to slowly pull a sled and its passenger 60 m up a...
asked 20 minutes ago -
7. Most US law schools award the ___________ degree,
usually after a student has completed the equivalent...
asked 18 minutes ago -
The rate at which a certain drug is eliminated by the body
follows first-order kinetics, with...
asked 11 minutes ago -
Design a counter that will count the sequence: 0.314, 1.627,
3.924, 7.827. It has an input...
asked 10 minutes ago -
In your own words write an essay about what is a business
ethics, the importance of...
asked 13 minutes ago -
At one point in a pipeline, the water's speed is 3.00 m/s and
the gauge pressure...
asked 17 minutes ago -
A small business ships specialty homemade candies to anywhere in
the world. Past records indicate that...
asked 19 minutes ago -
Determine the P-value for this hypothesis test. (Round to the
nearest three decimal places as needed)...
asked 22 minutes ago