The New Fund had average daily assets of $5.8 billion last year. The fund sold $380 million worth of stock and purchased $475 million during the year. What was its turnover ratio? (Round your answer to 1 decimal place.) Turnover ratio 0.7 %
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- The New Fund had average daily assets of $3.6 billion in the past year. The fund sold $414 million and purchased $514 million worth of stock during the year. What was its turnover ratio? (Round your answer to 2 decimal places.)The New Fund had average daily assets of $3.9 billion last year. The fund sold $540 million worth of stock and purchased $680 million during the year. What was its turnover ratio? (Round your answer to 1 decimal place.)The New Fund had average daily assets of $2.2 billion last year. The fund sold $400 million worth of stock and purchased $500 million during the year. What was its turnover ratio?
- The New Fund had average daily assets of Php2.2 billion in the past year. The fund sold Php400 million and purchased Php500 million worth of stock during the year. What was its turnover ratio?A mutual fund sold $50 million of assets during the year and purchased $88 million in assets. If the average daily assets of the fund were $265 million, what was the fund turnover?The New Fund had average daily assets of $3.9 billion in the past year. If New Fund's expense ratio was 0.80% and the management fee was 0.70%. a. What were the total fees paid to the fund's investment managers during the year? (Enter your answer in millions. Round your answer to 1 decimal place.) Fees paid million b. What were the other administrative expenses? (Enter your answer in millions. Round your answer to 1 decimal place.) Other administrative expenses million
- The New Fund had average daily assets of $2.7 billion in the past year. New Fund's expense ratio was 1.6%, and its management fee was 1.4%. * Required: a. What were the total fees paid to the fund's investment managers during the year? (Enter your answer in millions rounded to 2 decimal places.) Total fees paid million b. What were the other administrative expenses? (Enter your answer in millions rounded to 2 decimal places.) Other administrative expenses millionCanary Company invested this year's profits of $73,800.00 in a fund that matured to $167,895.17 in 9 years. What nominal interest rate compounded quarterly is this investment earning? % Round to two decimal placesIn its first 10 years a mutual fund produced an average annual return of 20.77%. Assume that money invested in this fund continues to earn 20.77% compounded annually. How long will it take money invested in this fund to double? It will take approximately year(s) for the money invested in this fund to double. (Round up to the nearest year.)
- The New Fund had average daily assets of $2.2 billion in the past year. New Fund's expense ratio was 1.1%, and its management fee was 0.7%. Required: a. What were the total fees paid to the fund's investment managers during the year? (Enter your answer in millions rounded to 1 decimal place.) Total fees paid million b. What were the other administrative expenses? (Enter your answer in millions rounded to 1 decimal place.) Other administrative expenses millionYou invested $11,500 at the end of each quarter for 6 years in an investment fund. At the end of year 6, if the balance in the fund was $291,000, what was the nominal interest rate compounded quarterly? 0.00 % Round to two decimal places SUBMIT QUESTION SU SAVE PROGRESS FAt the start of the year, you invest $2,000 in fund A. To invest in fund A, you have to pay 4% of your initial wealth as commissions (called front-end loads). During the year, the fund NAV increases from $4 to $4.4. If the expense ratio amounts to 2% per year, what is the annual growth rate of your wealth? 5.6% 10.0% 8.0% 6.6%