Lee Ray bought 250 shares of a mutual fund with a NAV of $13.85. This fund also has a load charge of 7%. a. What is the offer price? (Round your intermediate and final answer to the nearest cent.) Offer price 24 3,462.50 b. What did Lee pay for his investment? (Round your intermediate and final answer to the nearest cent.) Investment to be paid 24 3,704.88

Lee Ray bought 250 shares of a mutual fund with a NAV of $13.85. This fund also has a load charge of 7%. a. What is the offer price? (Round your intermediate and final answer to the nearest cent.) Offer price 24 3,462.50 b. What did Lee pay for his investment? (Round your intermediate and final answer to the nearest cent.) Investment to be paid 24 3,704.88

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

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5. Comparing loads and fees Claire wants to buy shares in a mutual fund and has narrowed her selection to the following four funds. Answer the questions below to help assess each fund in terms of the fees each charges. Fund NAV Net Chg. YTD % Ret. MinT p $15.32 -0.05 2.5 IntRA r $18.77 0.05 5.4 MRGG r $27.81 0.19 7.9 MajTrkⁿ $45.21 0.28 9.0 Suppose MajTrkⁿ charges a commission of 8%. This_________an example of a relatively low-load fund. If Claire purchases $4,000 worth of MajTrkⁿ shares, only $___________will actually be invested. This means that the commission—as a percentage of the amount invested—is equal to . The mutual fund MinT p is a no-load fund that imposes a_________on reinvested dividends as well as on the initial investment. Funds that charge this type of fee _________ generally be expected to outperform funds that do not charge these fees. Claire is planning on holding her shares for at least a year and wants a fund that…
10. A mutual fund has total assets of P680M and total liabilities of P38M. If the company has 545,000 outstanding shares and you plan to invest money worth P1.5M, how many shares .8 should you receive?ulev sosts diiw llid yauaROTTIysb-00thly
The Market Edge Mutual Fund charges a 3 percent back-end load. Todd invested $2,500 in this fund sixteen years ago. Today, the total NAV value of his shares is $9,948 so he decided to withdraw the entire amount and take a month's vacation to tour South America. How much did Todd receive when he made his withdrawal? O $9,948.00 O $10,246.44 O $9,873.00 O $10,023.00 O $9,649.56
Over a four-year period, Matt Ewing purchased shares in the ClearBridge Large-Cap Value Fund. Use the following information: Year Investment Amount Price per Share 2018 $ 3,100 $ 29 per share 2019 3,100 37 per share 2020 3,100 34 per share 2021 3,100 36 per share At the end of four years, what is the total amount invested? At the end of four years, what is the total number of mutual fund shares purchased? At the end of four years, what is the average cost for each mutual fund share?
An open-end mutual fund owns 1,000 shares of Dunkin Donut priced at $14.20/sh. The fund also owns 2,000 shares of Starbucks priced at $27.50/sh., and 5,000 shares of Gino’s Pizza priced at $12.00/sh. The fund itself has 4,000 of its own shares outstanding. What is the NAV of this mutual fund? A. $12.92 B. $35.80 C. $16.15 D. $17.90 E. $32.30
Here are the NAVS for a no-load mutual fund that paid no distributions: April 2 NAV=$11.5 Apr 3 NAV=$12.5 Apr 4 NAV=$12.1 Apr 5 NAV=$13.5 What is your return if you buy the fund on April 2 at 10am and sell it on Apr 4 at 5pm? 17.39% 5.22% 8% -3.2%
The following table presents information on four different open-end mutual funds. Use the information in the table to answer the questions that follow. FUND NAV NET CHG YTD % RET QtrF p 13.32 0.04 3.1 TmRE r 20.77 0.14 6.0 MRGG 29.81 0.28 8.5 MajTrk 44.21 0.37 9.6 The mutual fund charges a 12b-1 fee.
Suppose MajTrk has a front-end load fee of 7%. If you purchase 100 shares of this fund at the NAV, you will pay a commission of . If, in one month, you sell the shares, you pay a redemption fee at that time. If you are interested only in funds without any fee, you to use additional online resources to find no-load funds, because using only the quotations as listed in the table, it is to determine the amount of any front-end load fee that the fund may charge.
Investor Matt has $661,000 to invest in a CD and a mutual fund. The CD yields 7.3% and the mutual fund yields an average of 7.7%. The mutual fund requires a minimum investment of $20,000, and Matt requires that at least 4 times as much money be invested in the CD as in the mutual fund. You must invest in order to maximize his return. What is the maximum return? Enter 0 if no investment can be made satisfying the requirements. $ . Round to the nearest cent.
The questions relate to chapters, content and respective lectures of 23, 24, 25, 27, 28, & 29 of the Hull book. If you have any calculations, please show them in your answers. (SHOW ALL WORK CORRECTLY AND CLEARLY) THANK YOU! ANSWER ALL QUESTION PARTS!!

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