The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 200,000 $ 33 B 266,000 59 C D 417,000 510,000 37 50 The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $21,000. There are 3.5 million shares outstanding. Required: What is the net asset value of the fund? Note: Round your answer to 2 decimal places.

The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 200,000 $ 33 B 266,000 59 C D 417,000 510,000 37 50 The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $21,000. There are 3.5 million shares outstanding. Required: What is the net asset value of the fund? Note: Round your answer to 2 decimal places.

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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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
Net asset value (NAV) of an investment fund is calculated as total portfolio value divided by number of fund shares. Accordingly, if the total portfolio value is 100.000 $ and the number of shares is 55.000, then the NAV would be 100.000 $/55.000 = 1,818 S. Now, suppose that you are a portfolio manager of a bond fund that has 20.000 fund shares outstanding. You consider 3 investments for your portfolio: (a) A T-bill that has a 194 day maturity with a face value of 10.000 $. (b) A zero-coupon bond that has a 10 year maturity with a face value of 100.000 $. (c) A bond that pays quarterly coupon payments with an annual coupon rate of 12%, a face value of 50.000 $ and a maturity of 5 years. You know that the annual market yields are 10%. If you invest them all right now, what would be the NAV of your fund at the time of investment? (1 year = 360 days)
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$?
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 value
Suppose today a mutual fund contains 2,000 shares of JPMorgan Chase, currently trading at $67.75, 1,000 shares of Walmart, currently trading at $66.10, and 2,500 shares of Pfizer, currently trading at $34.50. The mutual fund has no liabilities and 10,000 shares outstanding held by investors. a. What is the NAV of the fund? b. Calculate the change in the NAV of the fund if tomorrow JPMorgan's shares increase to $69, Walmart's shares increase to $71, and Pfizer's shares decrease to $33. c. Suppose that today 1,000 additional investors buy one share each of the mutual fund at the NAV of $28.785. This means that the fund manager has $28,785 in additional funds to invest. The fund manager decides to use these additional funds to buy additional shares in JPMorgan Chase. Calculate tomorrow's NAV given the same rise/fall in share values as assumed in part (b). (For all requirements, do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161)) a. NAV of the…
Consider an open-end mutual fund with 2 million shares outstanding, liabilities of $5 million, and the following portfolio of assets: Asset Shares Held Share Price PFE 200,000 300,000 400,000 35 BCS 10 АМС 8 What is the net asset value of the fund? Would your answer have been different if this were a closed-end fund instead?
If a mutual fund's net asset value is $23.70 and the fund sells its shares for $25.30, what is the load fee as a percentage of the net asset value? Round your answer to two decimal places. %
Calculate the net asset value per share (NAVPS) for a mutual fund with the following values. Market value of securities in the portfolio $1.2 billion Liabilities of the fund $39.3 million Shares outstanding 52 million The NAVPS for this mutual fund is $ (Round your answer to the nearest cent.)
Calculating NAV A fund has a market value of securities of $860 million, cash and receivables of $29 million, current liabilities of $26 million and has 19 million fund shares outstanding. What is the fund's NAV per share? Multiple Choice $48.16 $46.79 O $47.62 O $45.42
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 %
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
The Closed Fund is a closed-end investment company with a portfolio currently worth $245 million. It has liabilities of $12 million and 17 million shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places.) b. If the fund sells for $10 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.)

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