The information in the table applies to the day of investment in a mutual fund. Find (a) the net asset value and (b) the number of shares purchased. Amount Invested Total Fund Assets Total Fund Liabilities Total Shares Outstanding $6400 $925 millio $41 million 40 million What is the net asset value? $ (Round to the nearest cent.) How many shares were purchased? (Round to the nearest whole number.)

The information in the table applies to the day of investment in a mutual fund. Find (a) the net asset value and (b) the number of shares purchased. Amount Invested Total Fund Assets Total Fund Liabilities Total Shares Outstanding $6400 $925 millio $41 million 40 million What is the net asset value? $ (Round to the nearest cent.) How many shares were purchased? (Round to the nearest whole number.)

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter3: Data Visualization

Section: Chapter Questions

Problem 6P: The file MutualFunds contains a data set with information for 45 mutual funds that are part of the...

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The information in the table applies to the day of investment in a mutual fund. Find (a) the net asset value and (b) the number of shares purchased. What is the net asset value? $ (Round to the nearest cent.) Amount Invested Total Fund Assets Total Fund Liabilities Total Shares Outstanding $7400 $665 million $32 million 50 million
K The information in the table applies to the day of investment in a mutual fund. Find (a) the net asset value and (b) the number of shares purchased. What is the net asset value? $ (Round to the nearest cent.) How many shares were purchased? (Round to the nearest whole number.) Amount Invested Total Fund Assets Total Fund Liabilities Total Shares Outstanding $4000 $908 million $48 million 80 million
Compute the net asset value for a share of a mutual fund with the following characteristics: Market value of assets: Market value of liabilities: Number of shares outstanding: $26.07 $23.66 O $24.41 $22.76 25.04 $177,000,000 $12,000,000 7,250,000
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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
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Q1. What is a mutual fund? In what sense is it a financial institution?. Q2. How is the net asset value (NAV) of a mutual fund determined? What is meant by the term marked-to-market daily? Q3. An investor purchases a mutual fund for $50. The fund pays dividends of $1.50, distributes a capital gain $2, and charges a fee of $2 when the fund is sold on year for $52.50. What is the net rate of return from this insurance? Formula for Question 3: Net gain = Dividend + capital gain + profit from fund sold – fee
1. Computing the net asset value of a mutual fund investment Most mutual funds invest money in hundreds of stocks, bonds, short-term securities, or other securities and assets; then, shares of the funds themselves are sold to individual investors. To understand how the value of a mutual fund’s share is calculated based on the values of the assets it holds, consider the following simplified example of a mutual fund that owns shares of only four different stocks. Stock Symbol Current Market Price Number of Shares Total Value of Shares GlbEx $98.32 950 $93,404.00 TmRE 17.77 1,150 20,435.50 PFIN 70.81 850 60,188.50 BRRT 35.21 1,150 40,491.50 You can see from the table that the market value of the fund’s assets is ____ ? If the fund has $10,725.98 in liabilities and 6,000 shares outstanding, the net asset value (NAV) of a share in this mutual fund is ________?
1. What is a mutual fund or unit trust? Explain and discuss the business model of mutual funds. What role do they play in the economy, and in the financial sector in particular? 2. A mutual fund has assets of K5 092.2 million and K4.6 million in liabilities with outstanding shares of 150.6 million. Calculate the net asset value (NAV) of the portfolio. 3. Another mutual fund manages a portfolio of securities of K120 million. The fund owes K4 million to advisers and a further K1 million for running expenses and has 5 million shares outstanding. Calculate the net asset value.
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