Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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- The composition of the Fingroup Fund portfolio is as follows: Price $ 35 34 26 25 Stock A B C D Shares 200,000 288,000 406,000 660,000 The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $46,000. There are 5.2 million shares outstanding. What is the net asset value of the fund? (Round your answer to 2 decimal places.) Net asset valuearrow_forwardSuppose ABC Mutual Fund had no liabilities and owned only four stocks as follows: Stock Shares Price Market Value 1,100 $1 $12,100 1,300 15 19,500 Y 1,500 24 36,000 800 16 12,800 $80,400 The fund began by selling $54,000 of stock at $9.00 per share. What is its NAV? Do not round intermediate calculations. Round your answer to the nearest cent.arrow_forward10. 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-00thlyarrow_forward
- You invest in a mutual fund that charges a 3% front-end load, 1% total annual fees, and a 0% back-end load on Class A shares. The same fund charges a 0% front-end load, 1% total annual fees, and a 2% back-end load on Class B shares. What are the total fees in year 1 on a Class B investment of $20,000 if you redeem shares with no growth in value? $600 $902 $596 $885arrow_forwardA mutual fund has total assets of $39,333,444 and liabilities of $6,753,789. If there are 11,521,000 sharesoutstanding, what is the net asset value of the fund? $3.02 $3.85 $2.83 $2.16arrow_forwardThe Stone Harbor Fund is a closed-end investment company with a portfolio currently worth $450 million. It has liabilities of $4 million and 8 million shares outstanding. If the fund sells for $53 a share, what is its premium or discount as a percent of NAV? Multiple Choicearrow_forward
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