10. A mutual fund has total assets of P680M and total liabilitiesof P38M. If the company has 545,000 outstanding shares andyou plan to invest money worth P1.5M, how many shares .8should you receive?ulev sosts diiw llid yauaROTTIysb-00thly

Net assets of mutual fund = Total assets - Total liabilities = 680M - 38M = 642M

Answered: A mutual fund has total assets of P680M…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

A mutual fund has a front-end load of 6%. There is $10,500,000 in assets and $500,000 in outstanding liabilities and one million shares outstanding. Which of the following statements would be true? a) NAVPS would be less than $10 b) NAVPS would be $10 Oc) NAVPS would be greater than $10 d) NAVPS cannot be calculated
If you have a 5.75% back-load charge and you invest $4,000, how much of this money will be invested in the mutual fund? Amount invested in the mutual fund:
Consider the Compliance Bond Fund that consists of the seven bonds shown below and has no liabilities. If initially the value of the fund was $2,500,000 and the original shares were offered to the public with a NAV of $25 per share, what is the current NAV of the fund? a. $26.27 b. $25.00 c. $21.67 d. $26.11 e. $27.11
A1
Calculate the number of shares purchased with a $5,000 investment in a no load mutual fund with a net asset value of $7.45. The number of shares purchased is (Type an integer or decimal rounded to the nearest thousandth as needed.). COLL
5. Comparing loads and fees Claire wants to buy shares in a mutual fund and has narrowed her selection to the following four funds. Answer the questions below to help assess each fund in terms of the fees each charges. Fund NAV Net Chg. YTD % Ret. MinT p $15.32 -0.05 2.5 IntRA r $18.77 0.05 5.4 MRGG r $27.81 0.19 7.9 MajTrkⁿ $45.21 0.28 9.0 Suppose MajTrkⁿ charges a commission of 8%. This_________an example of a relatively low-load fund. If Claire purchases $4,000 worth of MajTrkⁿ shares, only $___________will actually be invested. This means that the commission—as a percentage of the amount invested—is equal to . The mutual fund MinT p is a no-load fund that imposes a_________on reinvested dividends as well as on the initial investment. Funds that charge this type of fee _________ generally be expected to outperform funds that do not charge these fees. Claire is planning on holding her shares for at least a year and wants a fund that…
Find the following for the indicated mutual fund when the given number of shares is bought and sold 1 year later after receiving the distribution shown in the following table. (Round your answers to two decimal places.) Name Shares Bought Shares Sold Distribution SouthCo 200 at $40 200 at $50 $0.60 per share (a) Find the capital appreciation. _______________ %(b) Find the yield. ______________%(c) Find the return. ___________________%
am. 83.
A mutual fund has total assets of $39,333,444 and liabilities of $6,753,789. If there are 11,521,000 sharesoutstanding, what is the net asset value of the fund? $3.02 $3.85 $2.83 $2.16
Mutual funds can be classified basing on execution and operations or basing on yield and investment pattern, briefly describe the classification of mutual funds from these two basis 28. With examples, briefly discuss the importance of mutual funds to an economy 29. Akiba Unit Trust Fund has a prospective average annual return of 8% over the next 20 years. Estimate the value of a Tshs 20,000,000 investment after 20 years when the returns are i. Tax-free, (3 Marks) ii. Subject to a deferred tax of 30% iii. Subject to an annual tax of 25% 30. Briefly analyze the difference between defined benefit plan and defined contribution plan as applied in the pension funds 31. Mr Domokaya works as Director of finance in TPL Ltd a publicly owned institution where He earns a salary of Tshs 6,000,000 per month. Mr Domokaya expects to hold that position for the next 40 years before retirements. After retirement, Mr Domokaya expects to live for further 30 years. Mr Domokaya wishes to…
An open-end mutual fund owns 1,000 shares of Dunkin Donut priced at $14.20/sh. The fund also owns 2,000 shares of Starbucks priced at $27.50/sh., and 5,000 shares of Gino’s Pizza priced at $12.00/sh. The fund itself has 4,000 of its own shares outstanding. What is the NAV of this mutual fund? A. $12.92 B. $35.80 C. $16.15 D. $17.90 E. $32.30
aa.2

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

A mutual fund has total assets of P680M and total liabilities of P38M. If the company has 545,000 outstanding shares and you plan to invest money worth P1.5M, how many shares .8 should you receive? lev sost s diiw llidraue sb-00hly