Calculate the number of shares purchased with a $4,000 investment in a no load mutual fund with a netasset value of $7.14.The number of shares purchased is(Type an integer or decimal rounded to the nearest thousandth as needed.) How many shares of C CORP. stock were sold?Click the icon to view the portion of Stock Exchange Listing.shares were sold.Data tablePortion of Stock Exchange ListingNameA CORPB LTD.C CORPD LTD.E CORPBSymbol Open High Low Close Net ChgA30.6 31.24 30.5 31.12 0.5828.14 28.57 27.67 28.42 0.2848.6 49.07 48.52 48.74 0.2914.35 14.58 13.92 14.51 0.1623.76 24.3 23.62 24.03 0.23сDE%Chg Volume 52 Wk High 52 Wk Low Div1.9 994,770 32.919.41270,400 28.8716.110.6 1,596,661 50.33 25.431.11 54,900 16.5512.60.97 570,711 27.4517.95PrintDoneGYield P/E Ytd % Chg24 6.60.48 1.71.48e 314 25.152.1- 6.1172 -9.2- X

Shares, also known as equity or stock, represent ownership in a company. An individual becomes a…

Calculate the number of shares purchased with a $4,000 investment in a no load mutual fund with a net asset value of $7.14. The number of shares purchased is (Type an integer or decimal rounded to the nearest thousandth as needed.)

Calculate the number of shares purchased with a $4,000 investment in a no load mutual fund with a net asset value of $7.14. The number of shares purchased is (Type an integer or decimal rounded to the nearest thousandth as needed.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Related questions

Q: Happy Times, Incorporated, wants to expand its party stores into the Southeast. In order to…

A: After arriving at the value of the firm, the market value of the company's debt is subtracted to…

Q: 3. Consider Table 2, which outlines the investment and operating cash flows for three projects. PV…

A: NPV represents the amount of worth generated by an investment and is expressed in absolute dollar…

Q: Calculate the NAV of the following fund, assuming 35,000 shares are outstanding. Calculate the…

A: The net asset value (NAV) is the value of the assets of a fund including cash, net of the…

Q: Assume that the real risk-free rate, r*, is 3.5% and that inflation is expected to be 7% in Year 1,…

A: Here,Yield of Both 5 year and 2 year note is 11%Real Risk Free Rate is 3.5%Inflation Rate in Year1…

Q: You plan to borrow $300,000 at a 4% annual interest rate for your mortgage. The terms require you to…

A: Amortization of a loan refers to the repayment of the loan in equal instalments on a regular…

Q: ounted the next 12 years of net operating income of property X that is for sale and is currently…

A: NPV is the net present value and can be found as the difference between the present value of cash…

Q: The Meldrum Co. is analyzing a proposed project. The company expects to sell 3,000 units, give or…

A: As per the given information:To determine:the net present value of the worst case scenario.

Q: Mannix Corporation stock currently sells for $70 per share. The market requires a return of 12…

A: Current Price of Stock = p0 = $70Required Rate of Return = r = 12%Constant Growth Rate = g = 8%

Q: ive typing answer with explanation and conclusion O'Brien Ltd.'s outstanding bonds have a…

A: Bonds are source of finance for corporates and it is an easy and low cost method and bonds are paid…

Q: One-half of a cup of flour is needed to make 4 cookies using a recipe called Fantastic Flour…

A: Half cup = 4 cookiesNumber of Cookies per Cup = 4 * 2 = 8 CookiesNumber of Cups = 19 Cups

Q: Nodhead College needs a new computer. It can either buy it for $250,000 or lease it from Compulease.…

A: As per the given information:

Q: A project has an initial cost of $45,000, expected net cash inflows of $9,000 per year for 10 years,…

A: Profitability Index or PI is the ratio of present value of operating cash inflows to the present…

Q: Commonwealth Construction (CC) needs $1 million of assets to get started, and it expects to have a…

A: Total value of asset = $1000000Basic earning power ratio = 10% = EBIT/Total InvestmentDebt Interest…

Q: Amazon Inc., is expected to pay an annual dividend of $2.80 per share next year. The required return…

A: The value of a stock refers to the perceived worth or intrinsic worth of a given company's stock or…

Q: Central Park Co. is considering a project that will produce cash inflows of $500,000 a year for five…

A: IRR stands for Internal Rate of Return. It is a financial metric used to evaluate the profitability…

Q: nsider a bond with a par value of $1,000. It pays a coupon of 10% (annual) and the coupon is paid…

A: Yield to maturity is the rate of return realized on the bond when the bond is held till maturity and…

Q: You have the following information for stock portfolio A and bond portfolio B. The risk-free rate is…

A: Please note that under answering guidelines only 1 question can be solved. Since multiple questions…

Q: Company A desires a fixed-rate loan but currently has a better deal from the variable-rate market at…

A: A fixed-rate loan is the amount lent by the lender to the borrower at an interest rate that remains…

Q: A manufacturer of video games develops a new game over two years. This costs $840,000 per year with…

A: The net present value (NPV) is a fundamental tool of capital budgeting. This tool enables investors…

Q: One-half of a cup of flour is needed to make 4 cookies using a recipe called Fantastic Flour…

A: Half cup = 4 cookiesNumber of Cookies per Cup = 4 * 2 = 8 CookiesNumber of Cups = 19 Cups

Q: Business is Potato Corner Develop a financial plan submission to assess the net returns of the…

A: Potato Corner is a well-established and popular snack brand known for its innovative and flavorful…

Q: X Company must decide whether to continue using its current equipment or replace it with new, mo…

A: Internal rate of return is the modern method of capital budgeting that is used to determine the…

Q: Given the following information, what is the coupon rate of the bond? Years to maturity: 12 Par…

A: Compound = n = Semiannually = 2Time = t = 12 * 2 = 24Face Value = fv = $1000Interest rate = r = 10 /…

Q: Find the present value and accumulated value of an annuity-immediate of P100 payable every six…

A: An annuity immediate is a type of annuity where regular payments begin immediately, usually within…

Q: Bio Sports Facilities is planning to construct Swimming Pools on which has 60 pools to be used at…

A: Capital Budgeting decisions are crucial for the success of a business. This enables the business to…

Q: Assume that in 2020 the first edition of a comic book was sold at auction for $797,800. The comic…

A: Price in 1939(P0) = $0.10Price in 2020(Pn) = $797800period from 1939 to 2020 (n) = 81 Years

Q: AMEX stock is currently trading at $150. The price of a European call on AMEX with a strike price of…

A: The concept here is based on a financial principle known as "put-call parity," which is a…

Q: Matheson Electronics has just developed a new electronic device that it believes will have broad…

A: Capital budgeting is the process by which a company evaluates and selects long-term investment…

Q: What is the smallest acceptable annual income from a project which has a $81,524 investment cost and…

A: The minimum possible required return at which a company is willing to invest its funds is term as…

Q: Camtek currently has assets of $25,000,000. Given the significant growth of the company's…

A: Long-term debt$10,000,000Preferred shares (150,000 shares)$5,000,000Common shares$8,000,000Profits…

Q: A club has 100,000 shares of common stock outstanding at a market price of $63 a share. The common…

A: Preferred stock represents the class of stock providing certain rights like preferrential dividend…

Q: K You hear on the news that the S&P 500 was down 2.3% today relative to the risk-free rate (the…

A: The excess return of any security can be estimated by taking the product of market excess return…

Q: Consider the following price and dividend data for Ford Motor Company: Date Dividend (1) December…

A: As per the given information:To determine:Realized annual return

Q: ended task O Innovation Managing is the production of a novel and appropriate response, product or…

A: The correct option isOption 4: Creativity is the production of novel and appropriate responses. It…

Q: A firm has no debt outstanding and a total market value of $786,590. Earnings before interest and…

A: Total market value of equity= $786,590 Debt issue =$30,940Interest rate = 8%.Earnings before…

Q: You have the opportunity to purchase a 24-year, $1,000 par value bond that has an annual coupon rate…

A: The price of the bond is calculated in Excel using the PV function. The PV function is used with par…

Q: Each stock's rate of return in a given year consists of a dividend yield (which might be zero) plus…

A: The problem case deals with the method used to calculate the value of the S&P 500 index. It is…

Q: The next dividend payment by Savitz, Incorporated, will be $3.05 per share. The dividends are…

A: Required rate is what one investor would expect to earn on investment in stock and the required rate…

Q: 3. A portfolio has an expected return of 8% and an annualized return standard deviation (i.e.,…

A: Calculation of the portfolio's 4-year Value at Risk (VaR) using a single-tail test,1. Calculate the…

Q: The manager of Quantitative International Fund uses EAFE as a benchmark. Last year's performance for…

A: The selection effect or the security selection effect explains how the fund or the manager was able…

Q: Jackie has a long-term care policy with a total maximum benefit of $100,000. She has already…

A: Restoration of BenefitsSome long-term care insurance policies offer a feature called the Restoration…

Q: Stock Info Shares Outstanding Stock Price beta risk free rate Market Return Book Value What is the…

A: The market value of equity refers to the total worth of a company's common shares, which are traded…

Q: A7X Corporation just paid a dividend of $1.40 per share. The dividends are expected to grow at 35…

A: Current Dividend = d0 = $1.40Growth rate for first 9 years = G = 35%Constant Growth rate = g =…

Q: A new process for manufacturing laser levels will have a first cost of $40,000 with annual cost o…

A: The payback period is used to determine how long it will take an investment to make back its initial…

Q: ou work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner…

A: The total amount of money that might be saved if a person or corporation chose to lease an item…

Q: A manufacturer of ovens sells them for $1,370.00 each. The variable costs are $1,020.00 per unit.…

A: Net income is calculated by subtracting the total costs (both fixed and variable) from total…

Q: 6.00% 5.50% 5.00% 4.50% 4.00% 3.50% 3.00% Yield Curve Consider the previous question with the same…

A: Liquidity preference theory states that investor demands a higher rate of return over longer period…

Q: A $1,000 face value corporate bond with a 6.5 percent coupon (paid semiannually) has 15 years left…

A: Face value = $1000Coupon rate = 6.5% (paid semi-annually)Years to maturity = 15Yield to maturity =…

Q: Replacement Analysis The Gilbert Instrument Corporation is considering replacing the wood steamer it…

A: After tax salvage value of a fixed asset is calculated as shown below.

Q: Murkywater Company is considering a lockbox system. Its collection delay is currently 12 days.…

A: Averagw daily collections means on an average how much amount is collected on daily basis. This is…

Question

Calculate the number of shares purchased with a $4,000 investment in a no load mutual fund with a net
asset value of $7.14.
The number of shares purchased is
(Type an integer or decimal rounded to the nearest thousandth as needed.)

How many shares of C CORP. stock were sold?
Click the icon to view the portion of Stock Exchange Listing.
shares were sold.
Data table
Portion of Stock Exchange Listing
Name
A CORP
B LTD.
C CORP
D LTD.
E CORP
B
Symbol Open High Low Close Net Chg
A
30.6 31.24 30.5 31.12 0.58
28.14 28.57 27.67 28.42 0.28
48.6 49.07 48.52 48.74 0.29
14.35 14.58 13.92 14.51 0.16
23.76 24.3 23.62 24.03 0.23
с
D
E
%Chg Volume 52 Wk High 52 Wk Low Div
1.9 994,770 32.9
19.4
1
270,400 28.87
16.11
0.6 1,596,661 50.33 25.43
1.11 54,900 16.55
12.6
0.97 570,711 27.45
17.95
Print
Done
G
Yield P/E Ytd % Chg
24 6.6
0.48 1.7
1.48e 3
14 25.1
52.1
- 6.1
172 -9.2
- X

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Shares

VIEW

Step 2: Calculation showing the number of shares purchased:

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

Calculate the net asset value, Inn, dollars and the number of shares purchase for the mutual fund. Round shares to thousandths( three decimal places)? (The net asset value is correct I put for shares purchase 805 and it’s wrong)
Find the following for the indicated mutual fund when the given number of shares is bought and sold 1 year later after receiving the distribution shown in the following table. (Round your answers to two decimal places.) Name Shares Bought Shares Sold Distribution SouthCo 200 at $40 200 at $50 $0.60 per share (a) Find the capital appreciation. _______________ %(b) Find the yield. ______________%(c) Find the return. ___________________%
Calculate the net asset value and dollars and the number of shares purchased for the mutual fund. Round shares to thousands three decimal places?
An investor buys shares in a mutual fund for $22. At the end of the year the fund distributes a dividend of $0.57, and after the distribution the net asset value of a share is $24.04. What is the investor's percentage return on the investment? Round your answer to two decimal places.
Calculate the total cost in dollar proceeds and dollars total gain or loss in dollars and return on investment for the mutual fund investment. The offer price is the purchase price of the shares and the net asset value is the price at which the shares were later sold. Round your return on investment to one decimal place.?
Calculate the total cost (in $), proceeds (in $), total gain (or loss) (in $), and return on investment for the mutual fund investment. The offer price is the purchase price of the shares, and the net asset value is the price at which the shares were later sold. (Round your return on investment to one decimal place.) Return on Offer Total Net Asset Per Share Total Gain Shares Proceeds Investment Price Cost Value Dividends (or Loss) % 500 $10.80 2$ $12.80 $ $0.66 $ %
Suppose you own a mutual fund which has 19,000,000 shares outstanding. If its total assets are $42,000,000 and its liabilities are $5,000,000, find the net asset value (in $) of the fund. Round to the nearest cent. $ _______
You are given the following information: Boston Equity Mutual Fund Total assets $ 904 million Total liabilities $ 9 million Total number of shares 42 million Calculate the net asset value for the Boston Equity mutual fund. Note: Round your answer to 2 decimal places.
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 X
An investor purchases a mutual fund share for $100.2. The fund pays dividends of $2.2, distributes a capital gain of $1.1, and charges a fee of $3 when the fund is sold one year later for $95.3. What is the net rate of return from this investment? (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))
A mutual fund has total assets of $45,000,000 and total liabilities of $4,000,000. There are 1,800,000 shares outstanding. Find the net asset value of the mutual fund. (Round your answer to the nearest cent.)
A mutual fund has an offer price of $14.06. If you invested a lump sum of $18,000, how many shares did you purchase? Round to the nearest thousandth. ___ shares

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS