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?
Q: In an attempt to have funds for a down payment in four years, James Dupont plans to save $3,700 a…
A: Future ValueThe process of assessing the worth of an investment or item at a given moment in the…
Q: Road Kill Restaurant had the following account balances. The change in these accounts represents a…
A: Decrease in current assets assets is inflow of cash and increase in current liabilties is also…
Q: Question: In a manufacturing setting, direct labor costs are considered: a) Variable costs b) Fixed…
A: Variable costs - Fixed costs - Mixed costs- Overhead costs
Q: what will your interest or finance charges for the month be?
A:
Q: Company ABC has liabilities of 20,000, 50,000 and 70,000 due at the end of years 1, 2 and 3 respecti…
A: Liabilities 1=$20000Liabilities 2=$50000Liabilities 3=$70000Interest rate=r1=4%Interest…
Q: A company bond will mature in two years. The value of company's unlevered equity in two years have…
A: The objective of the question is to calculate the beta of the company's debt. Beta is a measure of…
Q: Buster's had a beginning cash balance of $2,780 for the quarter. During the quarter, the firm had…
A: Cashflows:Cash flows are the movement of money in and out of a business or an individual’s…
Q: A payment of $2,800 is due in 2 years and $3,500 is due in 4 years. These two original payments are…
A: The concept of TVM refers to the interest-earning capacity of money because of which the amount…
Q: You have just won a two-part lottery! The first part will pay you $50,000 at the end of each of the…
A: The present value is the value of a future sum of money today. Present value is based on the concept…
Q: Teens an a. Use a two-way data table to show the impact of down payment amounts ranging from $1,000…
A: The amortization refers to the systematic repayment of loan and interest amount. Repayment is an…
Q: can someone explain with example and formulas and steps about how to solve for 3 stage supernormal…
A: High Growth Stage (Stage 1):Identify the initial high growth period with a growth rate g1.Calculate…
Q: on the basis of after-tax returns, which security should be selected? Answer by giving the after-tax…
A: To calculate the after-tax return on each security option, we need to take into account the…
Q: Helen owns 12% of the stock of the Median Corporation. If Median makes a dividend payment of…
A: Calculate the total value of Helen's ownership:Multiply Helen's ownership percentage by the total…
Q: Halcyon Lines is considering the purchase of a new bulk carrier for $10 million. The forecasted…
A: NPV or net present value is a capital budgeting technique. It is the difference between the present…
Q: Year12345 Free Cash Flow$22 million$26 million $29 million$30 million $32 million General Industries…
A: The concept of time value of money finds application in various fields like bond valuation, stock…
Q: Hagar Industrial Systems Company (HISC) is trying to decide between two diffe conveyor belt systems.…
A: System A:Initial cost = $340,000Pre-tax operating cost = $133,000Useful life = 4 yearsSystem…
Q: Keller Cosmetics maintains an operating profit margin of 8.80% and a sales-to-assets ratio of 3.05.…
A: The ROA refers to the measure of the efficiency of the company in utilizing the assets of the…
Q: Each of the three independent situations below describes a finance lease in which annual lease…
A: Note: Since you have posted multiple questions, we will provide the solution only to the first…
Q: The current five‑year Euro yen and Eurodollar rates are 8% and 12.5% per year, respectively. What is…
A: Implied premium = (1+EURO Dollar)5/(1+EURO Yen)5-1
Q: The Pharoah Department of Transportation has issued 25-year bonds that make semiannual coupon…
A: Face value = $1,000Coupon rate = 10.425%Years to maturity= 25 x 2=50YTM = 10.30%/2=5.15%
Q: Use the information given below to compute the fixed cost, depreciation, and operating cash flow.…
A: - Cash Break Even point = 11,000 units- Accounting Break Even point = 14,000 units- Financial Break…
Q: You purchased 74 shares of Z stock in January 2008 for $40 per share. Each year you received a cash…
A: Purchase Cost (74*$40)$2,960ADD: Brokerage (2,960*3%)$88.80TOTAL PURCHASE COST.$3,048.80
Q: A project requires a $48,000 initial investment and is expected to generate end-of-period annual…
A: Net present value is used in project accept/reject decision, in capital budgeting. Net present value…
Q: In response to the takeover attempt, the company warned that it is going to issue a poison pill.…
A: - Poison Pill Trigger Point: 15% ownership.- Rights Offered: 10 extra shares at a cost of $1,000 per…
Q: Elaborate in details about the drawbacks of mortgage-backed bonds (MBB)
A: Mortgage backed bonds are a fixed income investment which is backed by a pool of mortgage loans.…
Q: Company Smart is going to buy a new machine to replace the old one which was exhausted. There are…
A: The objective of the question is to calculate the Equivalent Annual Cost (EAC) of two machines P and…
Q: Date Jan. 1, 2005 Feb. 1, 2005 Mar. 1, 2005 Apr. 1, 2005 Jan. 1, 2006 Stock Price (after Event) $100…
A: A stock (also known as a share or equity) represents a fraction of ownership in a company. When you…
Q: Assumes Venture Healthcare sold bonds that have a ten-year maturity, a 12 percent coupon rate with…
A: Current price of bond is the price which can be paid for purchase of the bond. It is also called…
Q: Your company is deciding whether to invest in a new machine. The new machine w flow by $485, 000 per…
A: Useful life10 yearsCost price of the machine$2,950,000Increase in cash flow$485,000Cost of machines…
Q: The next dividend payment by Hoffman, Inc., will be $2.55 per share. The dividends are anticipated…
A:
Q: Melissa wanted to buy Apple Inc. stock, which had a price range of $409 to $582 a month later. The…
A:
Q: You have some extra cash this month and you are considering putting it toward your car loan. Your…
A: The objective of this question is to determine how much time will be reduced from the loan term if…
Q: The function s(t)= 0.03 +0.003t gives the effective annual rate of a zero coupon bond of maturity t,…
A: Given, s(t) = 0.03 + 0.003 *tSo, for t = 0.5, interest rate = 0.03 + 0.003*0.5 = 3.1%For t= 1,…
Q: A stock paying $5 in annual dividends sells now for $80 and has an expected return of 14%. What…
A: To solve for the expected price of the stock one year from now, you use the expected return formula…
Q: Dongle Corp, is analysing an acquisition of Tingle Inc. Dongle has 10 million shares outstanding,…
A: P/E ratio implies the growth potential or market valuation of a company's stock. The P/E ratio is…
Q: Assume that the export price of a Toyota Corolla from Osaka, Japan is ¥ 2,150,000. The exchange rate…
A:
Q: Silver Polygon, Inc., has determined that if its revenues were to increase by 10 percent, then EBIT…
A: New Ebit of the firm = $100,000So, old EBIT before increase = $100,000/1.25=$80,000Let old…
Q: Bond X is issued by the company two years with 12 years to maturity. The coupon rate is 10% and…
A: We are given the following data :Years to maturity : 12 Coupon rate : 10%Yield to maturity : 12%Par…
Q: What is the discount yield, bond equivalent yield, and effective annual return on a $3 million…
A: Calculation of the discount yield is as follows:Discount yield = [(Par-Price) / Par ] x (360 / time…
Q: Suppose your company needs to raise $36.9 million and you want to issue 24-year bonds for this…
A: Coupon Bond cash outflow = Amount Rate (1-Tax rate).= −36,900,000∗9.4%∗(1−0.35)=−2,254,590
Q: What is the present value of $3,125 per year, at a discount rate of 10 percent, if the first payment…
A: Since the first payment is received nine years from today and the last payment is received 21 years…
Q: what is the amount of these 4 investment payments?
A: The annual payment will be made at the end of year 4 and year 5. The value of these payments at the…
Q: For the cash flows given below, find the ERR and evaluate the project when the external reinvestment…
A: The Economic Rate of Return (ERR) is a financial metric used to evaluate the potential profitability…
Q: (B) Based on the following information, how much does the company need in external funds for the…
A: The objective of the question is to calculate the amount of external funds the company needs for the…
Q: Jamie earned $14 in interest on her savings account last year. She has decided to leave the $14 in…
A: This is because Jamie's $14 in interest from last year will be added to the principal balance of her…
Q: Aria Acoustics, Inc., (AA) projects unit sales for a new seven-octave voice emulation implantas…
A: Net present value is determined by deducting the initial investment from the current value of cash…
Q: Each of the three independent situations below describes a finance lease in which annual lease…
A: “Since you have posted multiple questions, we will provide the solution only to the first question…
Q: Suppose you are the manager of a conference hall. A local finance association wants to rent the…
A: We are given the following data :Property insurance premium $192Property taxes $204Electricity for…
Q: Stansfield Corporation is currently engaged in a vicious proxy fight. There are 10,000 shares…
A: Cumulative voting in a firm is a governance mechanism that enables shareholders to wield their…
Q: f four stocks A, B, C and D have coefficients of variation of 1.80, 2.00, 1.55 and 1.35,…
A: Coefficient of Variation(CV) measures the risk per unit of return.Coefficient of Variation(CV) =…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 1 images
- The file MutualFunds contains a data set with information for 45 mutual funds that are part of the Morningstar Funds 500. The data set includes the following five variables: Fund Type: The type of fund, labeled DE (Domestic Equity), IE (International Equity), and FI (Fixed Income) Net Asset Value (): The closing price per share Five-Year Average Return (%): The average annual return for the fund over the past five years Expense Ratio (%): The percentage of assets deducted each fiscal year for fund expenses Morningstar Rank: The risk adjusted star rating for each fund; Morningstar ranks go from a low of 1 Star to a high of 5 Stars. a. Prepare a PivotTable that gives the frequency count of the data by Fund Type (rows) and the five-year average annual return (columns). Use classes of 09.99, 1019.99, 2029.99, 3039.99, 4049.99, and 5059.99 for the Five-Year Average Return (%). b. What conclusions can you draw about the fund type and the average return over the past five years?A mutual fund sold $60 million of assets during the year and purchased $78 million in assets. If the average daily assets of the fund were $256 million, what was the fund turnover?A mutual fund sold $58 million of assets during the year and purchased $64 million in assets. If the average daily assets of the fund were $216 million, what was the fund turnover? (Enter your answer as a percent rounded to 2 decimal places.) Fund turnover %
- The New Fund had average daily assets of $3.2 billion in the past year. The fund sold $500 million and purchased $500 million worth of stock during the year. a. What was its turnover ratio? b. If the fund had an expense ratio of 1.1%, what were the total fees paid to the fund's investment managers?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 $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 $2.4 billion last year. The fund sold $530 million worth of stock and purchased $600 million during the year. What was its turnover ratio? (Round your answer to 1 decimal place.) Turnover ratio %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.)A sector fund specializing in commercial bank stocks had average daily assets of $8.6 billion during the year. This fund sold $3.94 billion worth of stock during the year, and its turnover ratio was 0.45. How much stock did this mutual fund purchase during the year?
- 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 millionCorporate Fund started the year with a net asset value of $17.80. By year - end, its NAV equaled $16.30. The fund paid year - end distributions of income and capital gains of $2.20. What was the (pretax) rate of return to an investor in the fund?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?