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If the offering price of an open-end fund is $12.30 per share and the fund is sold with a front-end load of 5%, what is its net asset value?
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- An open-end fund has a net asset value of $13.40 per share. It is sold with a front-end load of 6%. What is the offering price?An open-end fund has a net asset value of $10.20 per share. It is sold with a front-end load of 4%. What is the offering price? (Round your answer to 2 decimal places.) Offering priceThe offering price of an open-end fund is $16.70 per share and the fund is sold with a front-end load of 4%. What is its net asset value? (Round your answer to 2 decimal places.) Net asset value
- An open-end fund has a net asset value of $16.70 per share. It is sold with a front-end load of 3%. Required: What is the offering price? Note: Round your answer to 2 decimal places.An open-end fund has a net asset value of $13.50 per share. It is sold with a front-end load of 5%. Required: What is the offering price? Note: Round your answer to 2 decimal places. Offering priceIf a mutual fund's net asset value is $23.60 and the fund sells its shares for $25.30, what is the load fee as a percentage of the 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?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 %If a fund has a return of 10% and a beta of 1.5, and if the risk-free rate is 5%, and market return rate is 8%, calculate Jensen's Alpha O a. 0.5 O b. 1.4 O c. 0.65 O d. 0.42
- The 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?Assume a fund has $100 million and a target gross exposure of 180% and a target net exposure of 50%. What is the funds target long market value, short market value and net exposure in dollars?Suppose at the start of the year, a no-load mutual fund has a net value of RM27.15 per share. During the year, it pays its shareholders a capital gain and dividend distribution of RM1.12 per share and finishes the year with NAV of RM30.34. Required: a. b. If at the end of the year, the fund is selling is selling at 5% discount, what is the rate of return? C. What is the return to an investor who holds 2000 shares of this fund in his retirement account? d. Differentiate between open end and closed end funds. Assume at the end of year, the company change its policy and charge. 12b-1 fees of 2%, What is the rate of return?