Contemporary Mathematics for Business & Consumers
8th Edition
ISBN: 9781305886803
Author: Brechner
Publisher: Cengage
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Question
Chapter 20, Problem 44AT
To determine
To calculate: The total cost, proceeds, total gain (or loss), and return on investment for the mutual fund investments with offer price of
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Calculate the sales charge (in $) and sales charge percent for the mutual fund. (Round percents to one decimal place.)
Fund
OfferPrice
Net AssetValue
SalesCharge
SalesCharge %
Northstar A: MuFl A
$13.65
$12.83
$
Folgers purchased $147 million of mutual fund shares. The fund had total returns over a 3-year period: 4.11%, 3.56%, and 4.26%. The value at the end of the 3-year period is closest to
A.
$177.54 million.
B.
$170.06 million.
C.
$165.24 million.
D.
$153.26 million.
Calculate the return on investment for 2,100 shares of a mutual fund purchased with an offer price of $15.01
if the shares were sold with a NAV of $17.83. The shares paid a dividend of $0.79 per share during ownership.
Chapter 20 Solutions
Contemporary Mathematics for Business & Consumers
Ch. 20.I - Techron Industries, Inc., has 1,400,000 shares of...Ch. 20.I - Prob. 2TIECh. 20.I - Prob. 3TIECh. 20.I - Prob. 4TIECh. 20.I - Bentley Systems. Inc., paid a dividend of $0.68...Ch. 20.I - Prob. 6TIECh. 20.I - You purchase 225 shares of Gulfstream Industries...Ch. 20.I - Prob. 1RECh. 20.I - Prob. 2RECh. 20.I - Prob. 3RE
Ch. 20.I - Prob. 4RECh. 20.I - Prob. 5RECh. 20.I - Prob. 6RECh. 20.I - Prob. 7RECh. 20.I - Prob. 8RECh. 20.I - Prob. 9RECh. 20.I - Prob. 10RECh. 20.I - Prob. 11RECh. 20.I - Prob. 12RECh. 20.I - Prob. 13RECh. 20.I - Prob. 14RECh. 20.I - Prob. 15RECh. 20.I - Prob. 16RECh. 20.I - Prob. 17RECh. 20.I - Prob. 18RECh. 20.I - Prob. 19RECh. 20.I - Calculate the total cost, proceeds, and gain (or...Ch. 20.I - Prob. 21RECh. 20.I - Prob. 22RECh. 20.I - Prob. 23RECh. 20.I - Prob. 24RECh. 20.I - Prob. 25RECh. 20.I - Prob. 26RECh. 20.I - 27. Apex Developers. Inc., has 1,800,000 shares of...Ch. 20.I - Prob. 28RECh. 20.I - 29. You purchase 650 shares of Sunrise Electric...Ch. 20.I - Though investing all at once works best when stock...Ch. 20.II - Using Exhibit 20-5. Corporate Bond Quotation...Ch. 20.II - Prob. 9TIECh. 20.II - Prob. 10TIECh. 20.II - Prob. 11TIECh. 20.II - Prob. 1RECh. 20.II - Prob. 2RECh. 20.II - Prob. 3RECh. 20.II - Prob. 4RECh. 20.II - Prob. 5RECh. 20.II - Prob. 6RECh. 20.II - Prob. 7RECh. 20.II - Prob. 8RECh. 20.II - Prob. 9RECh. 20.II - Prob. 10RECh. 20.II - Calculate the accrued interest and the total...Ch. 20.II - Calculate the accrued interest and the total...Ch. 20.II - Prob. 13RECh. 20.II - Prob. 14RECh. 20.II - Prob. 15RECh. 20.II - Prob. 16RECh. 20.II - Prob. 17RECh. 20.II - Prob. 18RECh. 20.II - Prob. 19RECh. 20.II - Prob. 20RECh. 20.II - Prob. 21RECh. 20.II - Prob. 22RECh. 20.II - Prob. 23RECh. 20.II - Prob. 24RECh. 20.II - Prob. 25RECh. 20.III - Using Exhibit 20-6, Mutual Fund Quotation Table,...Ch. 20.III - Prob. 13TIECh. 20.III - Prob. 14TIECh. 20.III - Prob. 15TIECh. 20.III - Prob. 16TIECh. 20.III - Prob. 1RECh. 20.III - Prob. 2RECh. 20.III - Prob. 3RECh. 20.III - Prob. 4RECh. 20.III - Prob. 5RECh. 20.III - Prob. 6RECh. 20.III - Prob. 7RECh. 20.III - Prob. 8RECh. 20.III - Prob. 9RECh. 20.III - Prob. 10RECh. 20.III - Prob. 11RECh. 20.III - Prob. 12RECh. 20.III - Prob. 13RECh. 20.III - Prob. 14RECh. 20.III - Prob. 15RECh. 20.III - Prob. 16RECh. 20.III - Prob. 17RECh. 20.III - Prob. 18RECh. 20.III - Prob. 19RECh. 20.III - Prob. 20RECh. 20.III - Prob. 21RECh. 20.III - Prob. 22RECh. 20.III - Calculate the total cost, proceeds, total gain (or...Ch. 20.III - Prob. 24RECh. 20.III - Prob. 25RECh. 20.III - Prob. 26RECh. 20.III - Prob. 27RECh. 20.III - Prob. 28RECh. 20.III - Prob. 29RECh. 20.III - BUSINESS DECISION: CAPITAL GAINS
30. There are...Ch. 20 - Prob. 1CRCh. 20 - Prob. 2CRCh. 20 - Prob. 3CRCh. 20 - Prob. 4CRCh. 20 - Prob. 5CRCh. 20 - Prob. 6CRCh. 20 - Prob. 7CRCh. 20 - A _____ is a loan, or an IOU, in the form of an...Ch. 20 - Prob. 9CRCh. 20 - 10. Write the formula used to calculate the...Ch. 20 - Prob. 11CRCh. 20 - Prob. 12CRCh. 20 - Prob. 13CRCh. 20 - Prob. 14CRCh. 20 - Prob. 1ATCh. 20 - Prob. 2ATCh. 20 - Prob. 3ATCh. 20 - Prob. 4ATCh. 20 - Prob. 5ATCh. 20 - Prob. 6ATCh. 20 - Prob. 7ATCh. 20 - Prob. 8ATCh. 20 - Prob. 9ATCh. 20 - Prob. 10ATCh. 20 - Prob. 11ATCh. 20 - Prob. 12ATCh. 20 - Calculate the total cost, proceeds and gain (or...Ch. 20 - Prob. 14ATCh. 20 - Prob. 15ATCh. 20 - 16. The board of directors of Micro-Fine...Ch. 20 - Prob. 17ATCh. 20 - Prob. 18ATCh. 20 - 19. You purchase 350 shares of Universal Metals...Ch. 20 - Prob. 20ATCh. 20 - Prob. 21ATCh. 20 - Prob. 22ATCh. 20 - Prob. 23ATCh. 20 - Prob. 24ATCh. 20 - Prob. 25ATCh. 20 - Calculate the accrued interest and the total...Ch. 20 - Prob. 27ATCh. 20 - Prob. 28ATCh. 20 - Prob. 29ATCh. 20 - Prob. 30ATCh. 20 - Prob. 31ATCh. 20 - Prob. 32ATCh. 20 - Prob. 33ATCh. 20 - 34. On May 1. Emerson Fast bought 10 Manitoba...Ch. 20 - Prob. 35ATCh. 20 - Prob. 36ATCh. 20 - Prob. 37ATCh. 20 - Prob. 38ATCh. 20 - Prob. 39ATCh. 20 - Prob. 40ATCh. 20 - Prob. 41ATCh. 20 - Prob. 42ATCh. 20 - Prob. 43ATCh. 20 - Prob. 44ATCh. 20 - Prob. 45ATCh. 20 - Prob. 46ATCh. 20 - Prob. 47ATCh. 20 - Prob. 48ATCh. 20 - Prob. 49AT
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