The Blackapple Fund has assets with a market value of $58 million and 1,200,000 shares outstanding....
The Blackapple Fund has assets with a market value of $58 million and 1,200,000 shares outstanding. If the front-end load is 3.8%, what is the offering price?
Homework Answers
Offering price = NAV / (1 - front end load)
= ($58,000,000 / 1,200,000) / (1 - 3.8%)
= $48.33 / 0.962
= $50.24
Add Answer to:
The Blackapple Fund has assets with a market value of $58
million and 1,200,000 shares outstanding....
The World Income Appreciation Fund has current assets with a market value of $11.7 billion, 350 million shares outstand...
The World Income Appreciation Fund has current assets with a market value of $11.7 billion, 350 million shares outstanding, and a current market price quotation of $35.08. Calculate the front-end load. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. Front-end load 4.94 %
The World Income Appreciation Fund has current assets with a market value of $7.2 billion, 330...
The World Income Appreciation Fund has current assets with a market value of $7.2 billion, 330 million shares outstanding, and a current market price quotation of $23.08. Calculate the front-end load. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.) Front-end load %
The Blue Star Fund has assets with a market value of $11.53 million and liabilities of...
The Blue Star Fund has assets with a market value of $11.53 million and liabilities of $366,431. What is the net asset value if there are 37,424 shares outstanding? Answer should be formatted as a number with 2 decimal places (e.g. 99.99)
4. James Fund has assets of $192 million, liabilities of $4 million and 15 million outstanding...
4. James Fund has assets of $192 million, liabilities of $4 million and 15 million outstanding shares. James Fund is an open-ended fund. a. Calculate the net asset value of the fund. b. Assume investors invest an additional 2.51 million in the fund. i. Calculate the additional shares to be issues. ii. Calculate the total shares outstanding. iii. Calculate the net asset value. C. Assume that over the past year James Fund has bought $215 million of assets and sold...
The Emerging Growth and Equity Fund is a “low-load” fund. The current offer price quotation for...
The Emerging Growth and Equity Fund is a “low-load” fund. The current offer price quotation for this mutual fund is $14.80, and the front-end load is 1.65 percent. a. What is the NAV? (Round your answer to 2 decimal places.) b. If there are 13.2 million shares outstanding, what is the current market value of assets owned by the fund? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
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...
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
Harolds PLC has a market value of £400 million and 30 million shares outstanding. Selfishes Department...
Harolds PLC has a market value of £400 million and 30 million shares outstanding. Selfishes Department Store has a market value of £160 million and 18 million shares outstanding. Harolds is contemplating acquiring Selfishes. Harolds’ CFO concludes that the combined firm with synergy will be worth £590 million, and Selfishes can be acquired at a premium of £15 million. If Harolds offers 12 million shares of its stock in exchange for the 18 million shares of Selfridges, what will the...
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...
Calculating NAV A fund has a market value of securities of $1,010 million, cash and receivables...
Calculating NAV A fund has a market value of securities of $1,010 million, cash and receivables of $50 million, current liabilities of $46 million and has 29 million fund shares outstanding. What is the fund's NAV per share?
The World Income Appreciation Fund has current assets with a market value of $11.7 billion, 350 million shares outstanding, and a current market price quotation of $35.08. Calculate the front-end load. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. Front-end load 4.94 %
The Blue Star Fund has assets with a market value of $11.53 million and liabilities of $366,431. What is the net asset value if there are 37,424 shares outstanding? Answer should be formatted as a number with 2 decimal places (e.g. 99.99)
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...
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...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago