Calculate the net asset value (in $) and number of shares purchased for the mutual fund. Round shares to thousandths (three decimal places). Total Assets $25,000,000 Total Liabilities $6,700,000 Shares Outstanding 2,000,000 Net Asset Value $18,300 X Offer Price $9.96 Total Investment $8,000 Shares Purchased 803 X

Calculate the net asset value (in $) and number of shares purchased for the mutual fund. Round shares to thousandths (three decimal places). Total Assets $25,000,000 Total Liabilities $6,700,000 Shares Outstanding 2,000,000 Net Asset Value $18,300 X Offer Price $9.96 Total Investment $8,000 Shares Purchased 803 X

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

See similar textbooks

Similar questions

Given $100,000 to invest, construct a value-weighted portfolio of the four stocks listed below. (Click on the following icon in order to copy its contents into a spreadsheet.) Stock Price/Share ($) Number of Shares Outstanding (millions) Golden Seas 13 1.21 Jacobs and Jacobs 23 1.2 MAG 41 32.87 PDJB 12 9.76
1. Record the JOURNAL ENTRIES: Entries: A. Issued 3500 shares of $10 par common stock at $11, receiving cash. B. Issued $ 70000 of 10 year 10% bonds at a market (effective) interest rate of 9%, with interest payable semiannually. Use the Present Value Tables in Appendix A of text book. Round all calculations to the nearest dollar. C. Declared a dividend of $0.25 per share on common stock. On date of declaration, 11200 shares of common stock were outstanding. D. Paid cash dividend from (c) above. E. Purchased 4200 shares of Jones Company for $10 per share, plus $2100 commission. Our company purchased less than 20% of the outstanding stock of Jones Company. F. Declared a 5% stock dividend on the $10 par common stock when the (6 points) market price was $ 25 per share. There were 11200 Shares outstanding. G. Distributed the stock dividends declared in (F). H. Purchased $5000 of 5% bonds at par. Interest is payable semiannually. I. Purchased 210 shares of treasury common stock for $12 per…
Show the solution.
please show formula
How much is the BOOK VALUE PER SHARE for PREFERENCE shares considering that the preference shares are cumulative and participating?
A stock market comprises 2300 shares of stock A and 2300 shares of stock B. The share prices for stocks A and B are $20 and $10, respectively. What proportion of the market portfolio is comprised of each stock? A. Stock A is 66.7% and Stock B is 33.3% B. Stock A is $46,000 and Stock B is $23,000 C. Stock A is 200% and Stock B is 100% O D. Stock A is 33.3% and Stock B is 66.7%
4. How much is the TOTAL RESERVES?
Explain what method is used to account for investments in equity securities with 20% to 50% ownership. Briefly describe how dividends received and share of net income are accounted for under this method
Question: How many preference shares were issued and outstanding? How many ordinary shares were issued and outstanding?
Huntington Power Co. has issued following three securities as its long-term source of capital. Calculate the weights of each source of capital (kd, kp, ke). Debt: 2,500 bonds outstanding, current market price of the bond is $1,080. Preferred Stock: 3,000 shares outstanding, selling for $98. Common Stock: 60,000 shares outstanding, selling for $55 per share. a. 42.90%; 4.67%; 52.43% b. 45.63%; 1.72%; 59.67% c. 42.90%; 4.67%; 55.71% d. 59.67%; 5.08%; 35.24% e. 45.63%; 1.72%; 52.65% f. 42.90%; 2.23%; 52.14%
Consider an open-end mutual fund with 2 million shares outstanding, liabilities of $5 million, and the following portfolio of assets: Asset Shares Held Share Price 200,000 300,000 400,000 PFE 35 BCS 10 АМС

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

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

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

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

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS