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
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- 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 7,250,000The 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 What is the net asset value? $ (Round to the nearest cent.) How many shares were purchased? (Round to the nearest whole number.) $6400 $925 million $41 million 40 millionThe 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
- A mutual fund has assets of $50 million, liabilities of $150000 million and 1 million shares what is the net asset value(NAV) of the fund?Enter the answer to the nearest cent(two decimals)You are given the following information: Boston Equity Mutual Fund Total assets $ 904 million Total liabilities $ 9 million Total number of shares 42 million Calculate the net asset value for the Boston Equity mutual fund. Note: Round your answer to 2 decimal places.A mutual fund had year-end assets of $250,000,000 and liabilities of $4,000,000. There were 3,750,000 shares in the fund at year end. What was the mutual fund's net asset value? A. $63.24 B. $67.39 C. $65.60 D. $92.53 E. $17.46
- Consider the following trading and performance data for four different equity mutual funds: Fund W Fund X Fund Y Fund Z Assets Under Management, $ 289.40 $ 653.70 $ 1,298.40 $ 5,567.30 Avg. for Past 12 Months (mil) Security Sales, Past 12 Months (mil) $ 37.20 $ 569.30 $ 1,453.80 $ 437.10 Expense Ratio 0.33% 0.71% 1.13% 0.21% Pretax Return, 3-Year Avg. 9.98% 10.65% 10.12% 9.83% Tax-Adjusted Return, 3-Year Avg. 9.43% 8.87% 9.34% 9.54% a. Calculate the portfolio turnover ratio for each fund. b. Which two funds are most likely to be actively managed and which two are most likely passive funds? Explain. c. Calculate the tax cost ratio for each fund. d. Which funds were the most and least tax efficient in the operations? Why?Calculate the net asset value and dollars and the number of shares purchased for the mutual fund. Round shares to thousands three decimal places? 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
- The western capital growth mutual fund has Total assets 812,000,000 Total liabilities 12,000,000 Total number of shares 40,000,000 What is the funds net asset value (NAV)?A 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 $2.16Consider the following trading and performance data for four different equity mutual funds: Fund W Fund x Fund y Fund z Assets under Management, $284.4 $662.1 $1,286.4 $5,564.6 Avg. for Past 12 months (mil) Security Sales, $44.6 $566.1 $1,455.6 $438.8 Past 12 months (mil) Expense Ratio 0.33% 0.75% 1.19% 0.24% Pretax Return, 3-year avg. 9.85% 10.65% 10.44% 9.73% Tax-adjusted Return, 3-year avg. 8.84% 8.84% 9.10% 9.04% Calculate the portfolio turnover ratio for each fund. Do not round intermediate calculations. Round your answers to two decimal places. Fund W: % Fund X: % Fund Y: % Fund Z: %