Homework Answers
C
NAV = (asset-liabilities)/shares = (300-5)/9 = 32.78
Discount = (price/NAV-1)
=(30/32.78-1)
8.47%
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c) The Stone Harbor Fund is a closed-end investment company with a portfolio currently worth $300...
The Closed Fund is a closed-end investment company with a portfolio currently worth $255 million. It...
The Closed Fund is a closed-end investment company with a portfolio currently worth $255 million. It has liabilities of $3 million and 5 million shares outstanding a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV $ b. If the fund sells for $47 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Round your answer to 2 decimal places.) The fund sells...
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1b) Consider a no-load mutual fund with $200 million in assets and 10 million shares at...
1b) Consider a no-load mutual fund with $200 million in assets and 10 million shares at the start of the year and with $250 million in assets and 11 million shares at the end of the year. During the year investors have received income distributions of $2 per share and capital gain distributions of $.25 per share. Assuming that the fund carries no debt, and that the total expense ratio is 1%, what is the rate of return on the...
Consider a no-load mutual fund with $200 million in assets and 10 million shares at the...
Consider a no-load mutual fund with $200 million in assets and 10 million shares at the start of the year and with $250 million in assets and 11 million shares at the end of the year. During the year investors have received income distributions of $2 per share and capital gain distributions of $0.55 per share. Assuming that the fund carries no debt, and that the total expense ratio is 1%, what is the rate of return on the fund
3) Consider a no-load mutual fund with the net asset value (NAV) of $10 at the...
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Consider a no-load mutual fund with $200 million in assets and 10 million shares at the...
Consider a no-load mutual fund with $200 million in assets and 10 million shares at the start of the year and with $250 million in assets and 11 million shares at the end of the year. During the year investors have received income distributions of $2 per share and capital gain distributions of $.25 per share. Assuming that the fund carries no debt, and that the total expense ratio is 1%, what is the rate of return on the fund?...
i need help with these 3 questions 11,12,13 11. Fund S is a closed-end investment company...
i need help with these 3 questions
11,12,13
11. Fund S is a closed-end investment company with a portfolio currently worth $300 million. It has liabilities of $5 million and 9 million shares outstanding. If the fund sells for $30 a share, what is its premium or discount as a percent of NAV? A. 9.26% premium B. 8.47% premium C. 9.26% discount D. 8.47% discount Answer: 12. Mutual funds that hold both equities and fixed-income securities in relatively stable proportions...
i need help with these 3 questions 11,12,13 11. Fund S is a closed-end investment company...
i need help with these 3 questions
11,12,13
11. Fund S is a closed-end investment company with a portfolio currently worth $300 million. It has liabilities of $5 million and 9 million shares outstanding. If the fund sells for $30 a share, what is its premium or discount as a percent of NAV? A. 9.26% premium B. 8.47% premium C. 9.26% discount D. 8.47% discount Answer: 12. Mutual funds that hold both equities and fixed-income securities in relatively stable proportions...
PLEASE HELP WITH ENTIRE EXERCISE A) You invested $50,000 in a mutual fund at the beginning...
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...
The Closed Fund is a closed-end investment company with a portfolio currently worth $255 million. It has liabilities of $3 million and 5 million shares outstanding a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV $ b. If the fund sells for $47 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Round your answer to 2 decimal places.) The fund sells...
The Closed Fund is a closed-end investment company with a portfolio currently worth $235 million. It has liabilities of $2 million and 5 million shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV $C b. If the fund sells for $43 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Round your answer to 2 decimal places.) The fund sells...
1b) Consider a no-load mutual fund with $200 million in assets and 10 million shares at the start of the year and with $250 million in assets and 11 million shares at the end of the year. During the year investors have received income distributions of $2 per share and capital gain distributions of $.25 per share. Assuming that the fund carries no debt, and that the total expense ratio is 1%, what is the rate of return on the...
3) Consider a no-load mutual fund with the net asset value (NAV) of $10 at the start of the year. At the end of the year, the mutual fund has $240 million in assets with 22 million shares and its total expense ratio is 1%. 1) What is the NAV at the end of the year? Please take into account the expense ratio.(20points) During the year investors have received income distributions of Si per share and capital gain distributions of...
Consider a no-load mutual fund with $200 million in assets and 10 million shares at the start of the year and with $250 million in assets and 11 million shares at the end of the year. During the year investors have received income distributions of $2 per share and capital gain distributions of $.25 per share. Assuming that the fund carries no debt, and that the total expense ratio is 1%, what is the rate of return on the fund?...
i need help with these 3 questions
11,12,13
11. Fund S is a closed-end investment company with a portfolio currently worth $300 million. It has liabilities of $5 million and 9 million shares outstanding. If the fund sells for $30 a share, what is its premium or discount as a percent of NAV? A. 9.26% premium B. 8.47% premium C. 9.26% discount D. 8.47% discount Answer: 12. Mutual funds that hold both equities and fixed-income securities in relatively stable proportions...
i need help with these 3 questions
11,12,13
11. Fund S is a closed-end investment company with a portfolio currently worth $300 million. It has liabilities of $5 million and 9 million shares outstanding. If the fund sells for $30 a share, what is its premium or discount as a percent of NAV? A. 9.26% premium B. 8.47% premium C. 9.26% discount D. 8.47% discount Answer: 12. Mutual funds that hold both equities and fixed-income securities in relatively stable proportions...
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...
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