Need help You purchased 5,400 shares in the New Pacific GrowthFund on January 2, 2010, at an offering price of $63.9per share. The front-end load for this fund is 5 percent,and the back-end load for redemptions within one year is1 percent. The underlying assets in this mutual fundappreciate (including reinvested dividends) by 3 percentduring 2010, and you sell back your shares at the end ofthe year. If the operating expense ratio for the NewPacific Growth Fund is 1.61 percent, what is your totalreturn from this investment?

The problem involves the determination of the investment's total return. Total return represents the…

Answered: You purchased 5,400 shares in the New…

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 8FPE

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Financial accounting
Baghiben
You purchased 1,000 shares of the New fund at a price of GHS20 per share at the beginning of the year. You paid front-end load of 4%. The securities in which the fund invests increase in value by 12% during the year. The fund’s expense ratio is 1.2%. What is your rate of return on the fund if you sell your shares at the end of the year?
On May 29, 2021, the market value of the investments contained in the Apple Growth Fund, a mutual fund, was $28,400,000. Liabilities for the fund were $2,840,000. If the fund had 1,730,000 shares outstanding, calculate the net asset value per share. Round your answer to the nearest cent. sm
You purchased 1,000 shares of a fund at a price of $20 per share at the beginning of the year. The fund charges a front-end load of 3%. The securities in which the fund invests increase in value by 10% during the year. The fund's expense ratio is 1.3%. What is your rate of return if you sell your shares at the end of the year?
You pay $22,200 to the Laramie Fund, which has a NAV of $22 per share at the beginning of the year. The fund deducted a front-end load of 4%. The securities in the fund increased in value by 10% during the year. The fund's expense ratio is 1.2% and is deducted from year-end asset values. What is your rate of return on the fund if you sell your shares at the end of the year?
I bought 750 shared for $20.75 a share. At the end of the year I received income dividends of .12/share & capital gains distribution of .06/share. At the end of 12 months the shares sold for $15.75. What is the total return for this fund? What is the percentage of total return?
Assume that one year ago, you bought 210 shares of a mutual fund for $24 per share and that you received an income dividend of 50.31 cents per share and a capital gain distribution of $1.04 per share during the past 12 months. Also assume the market value of the fund is now $26.50 a share. Calculate the total return for this investment if you were to sell it now.
You invested in the no-load Best Mutual Fund one year ago by purchasing 900 shares of the fund at the net asset value of $19.44 per share. The fund distributed dividends of $1.88 and capital gains of $2.12. Today, the NAV is $21.36. What was your holding period return?
Ten years after purchasing shares in a mutual fund for $7600, the shares are sold for 11,900. What is the total return ? What is the annual return ?
Twelve months ago you purchases shares of a no-load mutual fund for $22.25 per share. The fund distributed cash dividends of $0.90 and capital gains of $1.25 per share. If the net asset value is $24.45, what was the annual rate of return?

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