A mutual fund sold $158 million of assets during the year and purchased $132 million in assets. If the average daily assets of the fund were $496 million, what was the fund turnover? (Enter your answer as a percent rounded to 2 decimal places.) Fund turnover %

A mutual fund sold $158 million of assets during the year and purchased $132 million in assets. If the average daily assets of the fund were $496 million, what was the fund turnover? (Enter your answer as a percent rounded to 2 decimal places.) Fund turnover %

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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A mutual fund sold $58 million of assets during the year and purchased $64 million in assets. If the average daily assets of the fund were $216 million, what was the fund turnover? (Enter your answer as a percent rounded to 2 decimal places.) Fund turnover %
You invested $25,000 in a mutual fund at the beginning of the year when the NAV was $33.16. At the end of the year the fund paid $.27 in short-term distributions and $.44 in long-term distributions. If the NAV of the fund at the end of the year was $37.81, what was your return for the year?
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Using a discount rate of 5.5% compounded annually, a pension fund estimates that the present value of its assets and liabilities are $7 million and $4 million, respectively. The duration of the assets is 11 years and the duration of the liabilities is 27 years. (a) Suppose that the interest rate decreases to 5.45%. Estimate the relative changes in the fund's assets and liabilities. Express yours answers as percentages, to the nearest basis point. Relative Change in Assets % Relative Change in Liabilities % (b) Using your rounded answers from (a), estimate the absolute changes in the fund's assets and liabilities. Express your answers in millions of dollars, to the nearest thousand. Absolute Change in Assets $ million Absolute Change in Liabilities s $ million (c) The fund's net worth is defined as the difference between its assets and liabilities. Using your answers from (b), estimate the relative change in the fund's net worth. Express your answer as a percent, to the nearest basis…
3.) An investor deposited an amount of money into a certificate of deposit that returns a 2% annual simple interest rate. A second deposit, $4500 more than the first, was placed in a mutual fund that returns an 8% anoual simple interest rate. The total interest earned on both investments for one year was $680. How much money was deposited in each account? Principal Rate (%) Time Interest Mutual Fund Certificate of Deposit Mutual: C. of D.: 4) How many liters of 20% alcohol solution should be added to 40 liters of a 50% alcohol solution to make a 30% solution? Solution strength (%) Liters Total liters of % acid
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From the following information calculate the net asset values. (Round your answers to the nearest cent.) Current market value Current liabilities Number of NAV of fund investment shares outstanding $ 5,790,000 $ 890,000 400,000 a. b. 14,280.000 $ 900,000 960.000
A company deposited $5,500 into an investment fund at the beginning of every quarter for 6 years. It then stopped making deposits into the fund and allowed the investment to grow for 6 more years. The fund was growing at 5.25% compounded monthly. a. What was the accumulated value of the fund at the end of 6 years? Round to the nearest cent b. What was the accumulated value of the fund at the end of 12 years? Round to the nearest cent c. What was the amount of interest earned over the 12-year period? Round to the nearest cent
You purchased 1,000 shares of the New Fund at a price of $32 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 2 decimal places.) Rate of return This is a numeric cell, so % X
In the prospectus for the Brazos Aggressive Growth fund, the fee table indicates that the fund has a 12b-1 fee of 0.35 percent and an expense ratio of 1.55 percent that is collected once a year on December 1. Joan and Don Norwood have shares valued at $116,250 on December 1. What is the amount of the 12b-1 fee this year? What is the amount they will pay for expenses this year? Note: For all requirements, round answers to 2 decimal places.
The days to maturity for a sample of five money market funds are shown here. The dollar amounts invested in the funds are provided. Days to Maturity Dollar Value ($ millions) 17 15 13 6 5 4 10 25 15 10 Use the weighted mean to determine the mean number of days to maturity for dollars invested in these five money market funds. Round your answer to 2 decimal places. x = days

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