You purchase a mutual fund at an offer price of $15.79 per share. If the net asset value is $15.28, find the sale charge percent. Round to the nearest tenth.
Q: A year ago, an investor bought 400 shares of a mutual fund at $7.52 per share. This year, the…
A: Given: Particulars Amount Number of shares 400 Price per share $7.52 Dividend $0.77…
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A: Percentage return = ( Current price - Purchase price ) / Purchase price
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Q: On February 9, 2020, the market value of the investments contained in the All Star Stock Fund, a…
A: Market Value of the mutual fund = $21,200,000 Liabilities for the fund = $2,544,000 Net Asset Value…
Q: The offering price of an open-end fund is $11.60 per share and the fund is sold with a front-end…
A: Offering price = 11.60 Front end load = 4%
Q: A mutual fund has an offer price of $14.02. If you invested a lump sum of $16,000, how many shares…
A: No of shares purchased Amount invested/offer price
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Q: You own a mutual fund valued at $37 per share. It has a gross return of 5.5% and an expense ratio of…
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Q: An open-end fund has a net asset value of $10.70 per share. It is sold with a front-end load of 6%.…
A: Answer: Offering price is $11.38 Meaning of offering price: Offered price refers to the price at…
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Q: A mutual fund has an offer price of $14.06. If you invested a lump sum of $18,000, how many shares…
A: Offer price is $14.06 Invested lumpsum amount is $18,000 To Find: Number of shares Purchased
Q: Now imagine that you bought a mutual fund that had a beginning NAV of $10 per share. It paid…
A: NAV refers to the net asset value of the mutual fund. Given that;Beginning NAV is $10Dividends paid…
Q: If a mutual fund's net asset value is $23.70 and the fund sells its shares for $25.30, what is the…
A: NAV = $23.70 Selling Value =$25.30
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A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The Closed Fund is a closed-end investment company with a portfolio currently worth $200 million. It…
A: Part (a): Answer: Net asset value is $39.4
Q: If the offering price of an open-end fund is $12.30 per share and the fund is sold with a front-end…
A: Front – end load is 5%, therefore net asset value (NAV) is 95% (100%-5% = 95%) of the offering…
Q: You purchase a mutual fund at an offer price of $11.77 per share. If the net asset value is $11.28,…
A: Mutual fund is the fund that includes small amounts from a large number of investors, which is then…
Q: Lee Ray bought 250 shares of a mutual fund with a NAV of $13.85. This fund also has a load charge of…
A: Load fee is the fee which is charged by a mutual fund from the investor. A load can be charge at the…
Q: You invested in the no-load Best Mutual Fund one year ago by purchasing 900 shares of the fund at…
A: Purchase price (NAV0) = $19.44 Dividend (D) = $1.88 Capital gain (C) = $2.12 NAV at the end of year…
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A: The question is based on the concept of Security valuation
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Q: compound
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Q: Suppose you own a mutual fund which has 13,000,000 shares outstanding. If its total assets are…
A: Calculation of net asset value of the fund as follows under:-
Q: Suppose you own a mutual fund which has 19,000,000 shares outstanding. If its total assets are…
A: Given: Shares outstanding = 19,000,000 Total assets = $36,000,000 Liabilities = $5,000,000
Q: What is the total percent return on the beginning net asset value?
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A: Given, The return is 15% The standard deviation SD is 5.1 percent
Q: If you place an order to buy or sell a share of an open-ended mutual fund during the trading day,…
A: Open ended mutual funds are those which can be issued and redeem any time.
Q: what would be the HPR?
A: Holding period return (HPR) is the return which is earned by the company by holding a security for a…
Q: An investor purchases a mutual fund for $50. The fund pays dividends of $1.50, distributes a capital…
A: The net rate of return is the total income earned from an investment after costs such as taxes,…
Q: A year ago, an investor bought 200 shares of a mutual fund at $7.58 per share. This year, the fund…
A: Here, No. of Shares Purchased is 200 shares Purchase Price per share is $7.58 Dividend per Share is…
Q: An investor buys shares in a mutual fund for $22. At the end of the year the fund distributes a…
A: Percentage return on the investment is dividend plus capital gain divided by purchased price.
Q: what is the load fee as a percentage of the net asset value? Round your answer to two decimal…
A: Mutual Funds Corporation charges load fees when investors buy shares from the funds. Load fee is the…
Q: Find the following for the indicated mutual fund when the given number of shares is bought and sold…
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Q: Consider a no-load mutual fund with $457 million in assets and 12 million shares at the start of the…
A: The term net asset value or NAV is the price per share of the securities of the mutual funds that…
Q: A mutual fund has total assets of $30,000,000 and total liabilities of $100,000. There are 4,500,000…
A: Information Provided: Total assets = $30,000,000 Total liabilities = $100,000 Shares outstanding =…
Q: You invested in the no-load Best Mutual Fund one year ago by purchasing 900 shares of the fund at…
A: Given That: Opening NAV= $19.44 per share Closing NAV=$21.36 per share Dividend=$1.88 Capital Gain=…
Q: Suppose you own a mutual fund which has 13,000,000 shares outstanding. If its total assets are…
A: NAV is the net asset value of a mutual fund company. it means it is the value of the mutual fund…
Q: The Wildwood Fund sells Class A shares with a front-end load of 3.5% and annual operating expenses…
A: Question is based on the concept of Mutual fund
Q: An investor buys shares in a mutual fund for $22. At the end of the year the fund distributes a…
A: Buying price =22 Dividend =0.57 Later price of shares =24.04
Q: You purchase a mutual fund at an offer price of $11.77 per share. If the net asset value is $11.28,…
A: Given, Offer price = $11.77 NAV = $11.28
Q: Twelve months ago, you purchased the shares of a no-load mutual fund for $22.35 per share. The fund…
A: Given in the question, The purchase price of the share = $22.35 per share Cash dividends = $0.70…
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- You purchase a mutual fund at an offer price of $11.77 per share. If the net asset value is $11.28, find the sale charge percent. Round to the nearest tenth. % Sandra WilliamsYou purchase a mutual fund at an offer price of $11.77 per share. If the net asset value is $11.28, find the sale charge percent. Round to the nearest tenth.Suppose you own a mutual fund which has 13,000,000 shares outstanding. If its total assets are $36,000,0000 and its liabilities are $5,000,000, find the net asset value (in $) of the fund. Round to the nearest cent. 2$ Need Help? Read It Watch It Master It
- Hello, i have posted this question many times in chegg, but every time people answering this question to use ai tool like chatgpt, please dont use gpt and other ai tool. Provide me original answers with proper explanations. thank you. You are investing $8,000 in a mutual fund that charges a 4.50 percent front-end load. The offering price is $24.70 a share. What will your investment be worth immediately after your shares are purchased?You purchase a mutual fund for $17.23 The fund's NAV is $17.00 (the load fee was .23 cents). The NAV subsequently rises to $22.00, and you redeem the shares. What is the percentage return on your investmentSuppose Majtrk has a front-end load fee of 9%. If you purchase 100 shares of this fund at the NAV, you will pay a commission of S in one month, you sell the shares, you pay a redemption fee at that time. If you are interested only in funds without any fee, you the quotations as listed in the table, it is 11, to use additional online resources to find no-load funds, because using only to determine the amount of any front-end load fee that the fund may charge.
- A mutual fund has an offer price of $14.04. If you invested a lump sum of $14,000, how many shares did you purchase? Round to the nearest thousandth. shares Need Help? Read It Watch It Master ItIf you wish to purchase a mutual fund with low annual fees you should collect information on the of the various funds. O a) MER O b) P/E c) EPS O d) betaA mutual fund has an offer price of $14.02. If you invested a lump sum of $16,000, how many shares did you purchase? Round to the nearest thousandth. shares Need Help? Master It Read It Watch It
- 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 – feeQuestion a .A mutual fund has a current offering price of 56. 70. What is the net asset value of the fund charges 4.5% front end load? Full explain this question and text typing work only We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this lineIf a mutual fund's net asset value is $24.00 and the fund sells its shares for $25.20, what is the load fee as a percentage of the net asset value? Round your answer to two decimal places. %