Calculate the net asset value (NAV) for a mutual fund with the following values: The NAV of the mutual fund is $ per share. (Round to the nearest cent.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Market value of securities held in the portfolio = $4.3 billion Liabilities of the fund = $168 million Shares outstanding = 318 million - X

Calculate the net asset value (NAV) for a mutual fund with the following values: The NAV of the mutual fund is $ per share. (Round to the nearest cent.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Market value of securities held in the portfolio = $4.3 billion Liabilities of the fund = $168 million Shares outstanding = 318 million - 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

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Suppose you own a mutual fund that has 10,311,515 shares outstanding. If its total assets are $36,600,019 and its liabilities are $12,350,624, find the net asset value of the fund.
An analyst with a mutual fund is considering buying an FCS Inc corporate bond. She has collected the balance sheet information and income statement info for FCS, as shown in Table 1 (values in thousands). Using the funds internal rating system, shown in Table 2, she computes a set of ratios to determine the appropriate risk premium for the bond. Table 1. Balance Sheet Income Statement Current Assets $4,735 Revenue $18,500 Fixed Assets $43,225 Operating and Admin. Expenses $14,050 Total Assets $47,960 Operating Income before D&A $4,450 Current Liabilities $4,500 Depreciation & Amortization $1,635 Long-term Debt $10,000 Interest Expense $926 Total Liabilities $14,500 EBT $1,889 Shareholder Equity $33,460 Taxes $697 Total Liabilities & Shareholder Equity $47,960 Net income $1,192 Table 2. Rating Table Bond Rating Interest Coverage Leverage Current Ratio Risk Premium AA 5.0 to 6.0 0.20 to 0.29 1.15 to 1.25 0.25% A 4.0 to 5.0 0.30 to 0.39 1.00 to 1.14 0.55% BBB 3.0 to 4.0 0.40 to 0.49 0.90…
An exchange traded fund (ETF) is a security that represents a portfolio of individual stocks. Consider an ETF for which each share is equivalent to a portfolio of two shares of Amarillo National Bank (ANB), three shares of Canyon Buff Enterprise (CBF), and two shares of Tyson Foods (TSN). Suppose the current market price of each individual stock are ANB: $81, CBF: $ 60, and TSN: $65. What is the market price of the portfolio?
Calculating NAV A fund has a market value of securities of $860 million, cash and receivables of $29 million, current liabilities of $26 million and has 19 million fund shares outstanding. What is the fund's NAV per share? Multiple Choice $48.16 $46.79 O $47.62 O $45.42
The market value of a mutual fund's assets divided by the number of fund shares outstanding is equal to the A. Load charge B. Net Asset Value (NAV) C. Expense Ratio D. 12b-1 fee
a. The performance of the fund over the past 1-year period from the 14th of September 2020 to the 13th of September 2021 is presented in the figure below. Based on the figure and given information, which of the following best describes the type of fund TFX: open-end active fund, index fund, close-end fund, or exchange traded fund (ETF). Please explain your answers. Value of Fund's shares 25.00 20.00 15.00 10.00 5.00 0.00 14/09/2020 23/11/2020 Fund TLW Performance -NAV -Share Price 5/02/2021 20/04/2021 30/06/2021 Date Over the past 1-year period, this fund had a portfolio turnover ratio of 10%. 10/09/2021
You have been given the following return information for a mutual fund, the market index, and the risk-free rate. You also know that the return correlation between the fund and the market is .96. Year Fund 2015 -14.92% Market -28.50% Risk-Free 2% 2016 25.10 19.90 2017 12.80 10.60 2018 7.00 2019 -1.44 7.60 -2.20 4252 Calculate Jensen's alpha for the fund, as well as its information ratio. (Do not round intermediate calculations. Enter the alpha as a percent rounded to 2 decimal places. Round the ratio to 4 decimal places.) Jensen's alpha Information ratio %
The average management fee for mutual funds ranges between the fund's assets. a) 0.50 and 2 Ob) 1.5 and 3 c) 3 and 4 d) 5 and 6 1/2 e) 7 and 8 1/2 percent of
Louis Hall read in the paper that Fidelity Growth Fund has an NAV of $13.94. He called Fidelity and asked how the NA Fidelity gave him the following information: Current market value of fund investment Current liabilities Number of shares outstanding Did Fidelity provide Louis with the correct information? O Yes O No $8,780,000 $ 975,000 560,000
The cost of investing in a mutual fund is measured by the: A B C D front load cost expense ratio comparative performance of the fund to the Standard and Poor's 500 index taxation of distributions at the investor level
You have been given the following return information for a mutual fund, the market index, and the risk-free rate. You also know that the return correlation between the fund and the market is 0.97. Year 2018 2019 2020 2021 2022 Fund -15,2% 25.1 12.4 6.2 -1.2 Sharpe ratio Treynor ratio Market -24.5% 19.5 9.4 7.6 -2.2 Risk-Free 1% 3 2 4 2 What are the Sharpe and Treynor ratios for the fund? Note: Do not round intermediate calculations. Round your answers to 4 decimal places.
The Emerging Growth and Equity Fund is a "low-load" fund. The current offer price quotation for this mutual fund is $21.72, and the front-end load is 1.95 percent. a. What is the NAV? (Round your answer to 2 decimal places.) Net asset value dived b. If there are 18.7 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.) Market value of assets

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