If the offering price of an open-end fund is $13.40 per share and the fund is sold with a front-end load of 6%, what is its net asset value? (Round your answer to 2 decimal places.) Net asset value $
If the offering price of an open-end fund is $13.40 per share and the fund is...
You purchased shares of a mutual fund at an offering price of $95 per share at the beginning of the year and paid a front–end load of 4.00%. If the securities in which the fund invested increased in value by 13.25% during the year, and the fund’s expense ratio was 1.50%, what is your rate of return if you sold the fund at the end of the year? Enter your answer rounded to two decimal places. The price of a...
You purchased shares of a mutual fund at an offering price of $95 per share at the beginning of the year and paid a front-end load of 4.25%. If the securities in which the fund invested increased in value by 9.75% during the year, and the fund's expense ratio was 1.90%, what is your rate of return if you sold the fund at the end of the year?
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 6,000 $98 B 33,000 19 C 4,600 89 D 82,500 12 Assume there are 50,000 shares of the mutual fund, and liabilities of $110,000. Assume the fund is sold with a 6.25 percent front-end load. What is the offering price of the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) Offering price $
The Black berry Fund has an offering price of $103 and a front-end load of 5%. What is the net asset value?
You purchased 2,800 shares in the New Pacific Growth Fund on January 2, 2019, at an offering price of $55.70 per share. The front-end load for this fund is 5 percent, and the back-end load for redemptions within one year is 3 percent. The underlying assets in this mutual fund appreciate (including reinvested dividends) by 5 percent during 2019, and you sell back your shares at the end of the year. If the operating expense ratio for the New Pacific...
An open-end mutual fund has the following stocks: Stock Stock Price $ 96 Shares 7,000 33,000 4,600 81,000 If there are 52,000 shares of the mutual fund, what is the NAV? (Do not round inter Round your answer to 2 decimal places.) Net asset value
PLEASE HELP WITH ENTIRE EXERCISE A) You invested $50,000 in a mutual fund at the beginning of the year when the NAV was $68.23. At the end of the year, the fund paid $0.32 in short-term distributions and $0.49 in long-term distributions. If the NAV of the fund at the end of the year was $72.59, what was your return for the year? B) A closed-end fund has total assets of $510 million and liabilities of $290,000. Currently, 29 million...
Question 8 The HSB fund has an offer price of $80.13 and a front end load of 3.79 percent. What is the net asset value? Answer should be formatted as a number with 2 decimal places (e.g. 99.99).
Twelve months ago, you purchased the shares of a no-load mutual fund for $22.25 per share. The fund distributed cash dividends of $0.60 and capital gains of $1.60 per share. If the net asset value of the fund is currently $24.45, what was your annual return on the investment? Round your answer to two decimal places If the value of the shares had been $21.18, what would have been your annual return? Round your answer to two decimal places.
Problem 4-18 You purchased 1,000 shares of the New Fund at a price of $22 per share at the beginning of the year. You paid a front-end load of 2%. The securities in which the fund invests increase in value by 11% during the year. The fund's expense ratio is 1%. What is your rate of return on the fund if you sell your shares at the end of the year? (Do not round intermediate calculations. Round your answer to...