Q: On January 3 the prices at 4:00 p.m
On January 3 the prices at 4:00 p.m. are as follows: Calculate the new NAV.
See AnswerQ: On January 1, the shares and prices for a mutual fund
On January 1, the shares and prices for a mutual fund at 4:00 p.m. are as follows: Stock 3 announces record earnings, and the price of stock 3 jumps to $32.44 in after-market trading. If the fund (i...
See AnswerQ: An investor sends the fund a check for $50,000
An investor sends the fund a check for $50,000. If there is no front-end load, calculate the new number of shares and price per share. Assume the manager purchases 1,800 shares of stock 3, and the res...
See AnswerQ: On January 2 the prices at 4:00 p.m
On January 2 the prices at 4:00 p.m. are as follows: Calculate the net asset value (NAV) for the fund.
See AnswerQ: Assume the new investor then sells the 420 shares. What is
Assume the new investor then sells the 420 shares. What is his profit? What is the annualized return? The fund sells 800 shares of stock 4 to raise the needed funds. Assume 250 trading days per year....
See AnswerQ: To discourage short-term investing in its fund, the fund
To discourage short-term investing in its fund, the fund now charges a 5% upfront load and a 2% backend load. The same investor decides to put $50,000 back into the fund. Calculate the new number of s...
See AnswerQ: Write down the formula that is used to calculate the yield to
Write down the formula that is used to calculate the yield to maturity on a 20-year 10% coupon bond with $1,000 face value that sells for $2,000.
See AnswerQ: A mutual fund reported year-end total assets of $1
A mutual fund reported year-end total assets of $1,508 million and an expense ratio of 0.90%. What total fees is the fund charging each year?
See AnswerQ: A $1 million fund is charging a back-end load
A $1 million fund is charging a back-end load of 1%, 12b-1 fees of 1%, and an expense ratio of 1.9%. Prior to deducting expenses, what must the fund value be at the end of the year for investors to br...
See AnswerQ: On January 1 a mutual fund has the following assets and prices
On January 1 a mutual fund has the following assets and prices at 4:00 p.m. Calculate the net asset value (NAV) for the fund. Assume that 8,000 shares are outstanding for the fund.
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