The composition of the Fingroup Fund portfolio is as follows: Price $41 35 Stock B C D Shares 200,000 282,000 409,000 590,000 29 40 The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $55,000. There 3.3 million shares outstanding. What is the net asset value of the fund? (Round your answer to 2 decimal places.) Net asset value
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- The composition of the Fingroup Fund portfolio is as follows: Price $ 35 34 26 25 Stock A B C D Shares 200,000 288,000 406,000 660,000 The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $46,000. There are 5.2 million shares outstanding. What is the net asset value of the fund? (Round your answer to 2 decimal places.) Net asset valueThe Closed Fund is a closed-end investment company with a portfolio currently worth $245 million. It has liabilities of $12 million and 17 million shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places.) b. If the fund sells for $10 per share, what is its premium or discount as a percent of net asset value? (Input the amount as a positive value. Round your answer to 2 decimal places.)Net asset value (NAV) of an investment fund is calculated as total portfolio value divided by number of fund shares. Accordingly, if the total portfolio value is 100.000 $ and the number of shares is 55.000, then the NAV would be 100.000 $/55.000 = 1,818 S. Now, suppose that you are a portfolio manager of a bond fund that has 20.000 fund shares outstanding. You consider 3 investments for your portfolio: (a) A T-bill that has a 194 day maturity with a face value of 10.000 $. (b) A zero-coupon bond that has a 10 year maturity with a face value of 100.000 $. (c) A bond that pays quarterly coupon payments with an annual coupon rate of 12%, a face value of 50.000 $ and a maturity of 5 years. You know that the annual market yields are 10%. If you invest them all right now, what would be the NAV of your fund at the time of investment? (1 year = 360 days)
- The Closed Fund is a closed-end investment company with a portfolio currently worth $190 million. It has liabilities of $8 million and 10 million shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV b. If the fund sells for $15 per share, what is its premium or discount as a percent of net asset value? (Input the amount as a positive value. Round your answer to 2 decimal places.) of %Calculate the net asset value (NAV) for a mutual fund with the following values: The NAV of the mutual fund is $ Data table per share. (Round to the nearest cent.) (Click on the following icon in order to copy its contents into a spreadsheet.) Market value of securities held in the portfolio = $4.3 billion Liabilities of the fund = $168 million = 318 million Shares outstanding XSuppose today a mutual fund contains 2,000 shares of JPMorgan Chase, currently trading at $67.75, 1,000 shares of Walmart, currently trading at $66.10, and 2,500 shares of Pfizer, currently trading at $34.50. The mutual fund has no liabilities and 10,000 shares outstanding held by investors. a. What is the NAV of the fund? b. Calculate the change in the NAV of the fund if tomorrow JPMorgan's shares increase to $69, Walmart's shares increase to $71, and Pfizer's shares decrease to $33. c. Suppose that today 1,000 additional investors buy one share each of the mutual fund at the NAV of $28.785. This means that the fund manager has $28,785 in additional funds to invest. The fund manager decides to use these additional funds to buy additional shares in JPMorgan Chase. Calculate tomorrow's NAV given the same rise/fall in share values as assumed in part (b). (For all requirements, do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161)) a. NAV of the…
- Suppose a mutal fund has total assets of $25500000 and liabilities of 2100000. Currently there are 10200000 shares outstanding. Determine the net asset value of the fund? Round to the nearest centThe Closed Fund is a closed-end investment company with a portfolio currently worth $200 million. It has liabilities of $3 million and 5 million shares outstanding.a. What is the NAV of the fund?b. If the fund sells for $36 per share, what is its premium or discount as a percent of net asset value?The Closed Fund is a closed-end investment company with a portfolio currently worth $170 million. It has liabilities of $6 million and 9 million shares outstanding. Required: a. What is the NAV of the fund? b. If the fund sells for $20 per share, what is its premium or discount as a percent of net asset value?
- Consider an open-end mutual fund with 2 million shares outstanding, liabilities of $5 million, and the following portfolio of assets: Asset Shares Held Share Price PFE 200,000 300,000 400,000 35 BCS 10 АМС 8 What is the net asset value of the fund? Would your answer have been different if this were a closed-end fund instead?The composition of the Fingroup Fund portfolio is as follows: Stocks Shares Price 200,000 Php 35 B 300,000 40 C 400,000 20 D 600,000 25 The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals Php30,000. There are 4 million shares outstanding. What is the net asset value of the fund?Suppose you are the money manager of a $4.82 millioninvestment fund. The fund consists of four stocks with the following investments and betas:Stock Investment BetaA $ 460,000 1.50B 500,000 (0.50)C 1,260,000 1.25D 2,600,000 0.75 If the market’s required rate of return is 8% and the risk-free rate is 4%, what is the fund’srequired rate of return?8-8 BETA COEFFICIENT Given t