The composition of the Fingroup Fund portfolio is as follows: Price $41 35 Stock B C D Shares 200,000 282,000 409,000 590,000 29 40 The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $55,000. There 3.3 million shares outstanding. What is the net asset value of the fund? (Round your answer to 2 decimal places.) Net asset value

The composition of the Fingroup Fund portfolio is as follows: Price $41 35 Stock B C D Shares 200,000 282,000 409,000 590,000 29 40 The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $55,000. There 3.3 million shares outstanding. What is the net asset value of the fund? (Round your answer to 2 decimal places.) Net asset value

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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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 Emerging Growth and Equity Fund is a "low-load" fund. The current offer price quotation for this mutual fund is $21.72, and the front-end load is 1.95 percent. a. What is the NAV? (Round your answer to 2 decimal places.) Net asset value dived b. If there are 18.7 million shares outstanding, what is the current market value of assets owned by the fund? (Do not round intermediate calculations. Round your answer to the nearest whole number.) Market value of assets
A mutual fund has a front-end load of 6%. There is $10,500,000 in assets and $500,000 in outstanding liabilities and one million shares outstanding. Which of the following statements would be true? a) NAVPS would be less than $10 b) NAVPS would be $10 Oc) NAVPS would be greater than $10 d) NAVPS cannot be calculated
The composition of the Fingroup Fund portfolio is as follows: Stock B Shares 200,000 300,000 400,000 600,000 Price $35 40 20 25 The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $30,000. There are 4 million shares outstanding. What is the net asset value of the fund? (LO 4-3)
Assume that you are the portfolio manager of the SF Fund, a $3 million hedge fund that contains the following stocks. The required rate of return on the market is 11.00% and the risk-free rate is 2.00%. What rate of return should investors expect (and require) on this fund? Do not round your intermediate calculations. Stock A B C D 11.16% 10.82% 9.93% 9.37% 9.71% Amount $1,075,000 $675,000 $750,000 $500,000 $3,000,000 Beta 1.20 0.50 1.40 0.75
Please answer this question fast
Required: A hedge fund with $0.7 billion of assets charges a management fee of 3% and an incentive fee of 20% of returns over a money market rate, which currently is 6%. Calculate total fees, both in dollars and as a percent of assets under management, for portfolio returns of: (Enter your answers in millions rounded to 1 decimal place.) Required: A hedge fund with $0.7 billion of assets charges a management fee of 3% and an incentive fee of 20% of retums over a money market rate, which currently is 6%. Calculate total fees, both in dollars and as a percent of assets under management, for portfolio returns of: (Enter your answers in millions rounded to 1 decimal place.) Required: A hedge fund with $0.7 billion of assets charges a management fee of 3% and an incentive fee of 20% of returns over a money market rate, which currently is 6%. Calculate total fees, both in dollars and as a percent of assets under management, for portfolio returns of: (Enter your answers in millions rounded to…
The Swadhinota open end mutual fund is being sold for Tk.47.85 per share. The fund includes Tk.540 million in securities, Tk.50 million in liabilities and 12 million shares outstanding. a. Is the fund charging any load? If so, how much is the amount of the load. b. By what percentage of the NAV should the price of the fund rise or fall for the fund to break even with the purchase value?
Exercise 2: Calculate the NAV of the following fund, assuming 35,000 shares are outstanding. Calculate the percentage change in the NAV of the fund on April 29th 2022. Stock Shares owned price PYPL 3,000 $ 117.65 TWTR 5,000 $ 50.98 PG 9,000 $ 154.62 NVDA 6,000 $ 259.31 RTX 2,000 $98.81 Besides the underlying securities listed above, the fund shows on the Balance Sheet Cash $ 155,000.- Liabilities $ 18,500.- An investor comes the day after computing the above NAV and invests quarter million USD in the fund. Assume no fees or expenses. The money manager buys 2,000 shares of PayPal and 1,500 of Twitter. a) Will the NAV increase or decrease? Why? b) Calculate the return on the investor's shares. How many did he buy with 250k$?
Open-end Fund A has 187 shares of ATT valued at $46 each and 41 shares of Toro valued at $86 each. Closed-end Fund B has 86 shares of ATT and 83 shares of Toro. Both funds have 1,000 shares outstanding.a. What is the NAV of each fund using these prices? (Round your answers to 3 decimal places. (e.g., 32.161))b. If the price of ATT stock increases to $47.25 and the price of Toro stock declines to $83.292, how does that impact the NAV of both funds? (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))c. Assume that another 166 shares of ATT valued at $46 are added to Fund A. The funds needed to buy the new shares are obtained by selling 630 more shares in Fund A. What is the effect on Fund A’s NAV if the prices remain unchanged from the original prices?
Suppose you are the money manager of a $5.39 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta A $ 340,000 1.50 B 720,000 (0.50) C 1,380,000 1.25 D 2,950,000 0.75 If the market's required rate of return is 12% and the risk-free rate is 5%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places.
The Stone Harbor Fund is a closed-end investment company with a portfolio currently worth $1 million. It has liabilities of $2 million and 3 million shares outstanding. If the fund sells for $4.00 a share, what is its premium or discount as a percent of NAV? Multiple Cholce 150.00% premlum 8.00% discount 150.00% discount 8.00% premium

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