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QUESTION 15 Delta Mutual Funds had year-end assets of $625 million and liabilities of $35 million....

QUESTION 15

  1. Delta Mutual Funds had year-end assets of $625 million and liabilities of $35 million. There were 25 million shares in the fund at year-end. What was Delta Mutual Funds net asset value?

    a. $22.90.

    b. $23.60.

    c. $24.30.

    d. $25.00.

QUESTION 16

  1. Monica purchased 100 shares of NOLA mutual fund at a price of $25 per share at the beginning of the year and paid a front-end load of 4.5%. The securities in the fund increased in value by 11% during the year and the fund’s expense ratio was 1.2%. What was Monica’s annual return for this year assuming she were to sell at year end?

    a. 4.50%.

    b. 4.85%.

    c. 5.30%.

    d. 9.80%.
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Answer #1

15

NAV = (assets-liabilities)/shares = (625-35)/25 = 23.6

Please ask remaining parts seperately, questions are unrelated

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