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

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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:
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Calculate the net asset value, Inn, dollars and the number of shares purchase for the mutual fund. Round shares to thousandths( three decimal places)? (The net asset value is correct I put for shares purchase 805 and it’s wrong)
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
Exercise 2: Calculate the NAV of the following fund, assuming 35,000 shares are outstanding. Calculate the percentage change in the NAV of the fund on April 29th 2022. Stock Shares owned price PYPL 3,000 $ 117.65 TWTR 5,000 $ 50.98 PG 9,000 $ 154.62 NVDA 6,000 $ 259.31 RTX 2,000 $98.81 Besides the underlying securities listed above, the fund shows on the Balance Sheet Cash $ 155,000.- Liabilities $ 18,500.- An investor comes the day after computing the above NAV and invests quarter million USD in the fund. Assume no fees or expenses. The money manager buys 2,000 shares of PayPal and 1,500 of Twitter. a) Will the NAV increase or decrease? Why? b) Calculate the return on the investor's shares. How many did he buy with 250k$?
Solve the problem with complete solution. 8. You invested 20,000 in a financial institution for a trust fund in NAV of 65 per share. How many shares have you invested?
Situation: I want to invest my 5 million pesos in Mutual funds. Discuss the following: A. Security of MoneyB. Returns on investmentC. Risks involvedD. Impact to government and society Conclusion of Letter A. to D.
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…

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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