You are the manager of the Mighty Fine mutual fund.The following table reflects the activity of the fundduring the last quarter. The fund started the quarter onJanuary 1 with a balance of $60 million. Mighty FineMutual Fund Monthly Data (measured at end of month)January February March Net inflows ($ million) 4.3 -5.3 0 HPR (%) -1.90 5.60 4.80 Required: a.Calculate the quarterly arithmetic average return on thefund. (Do not round intermediate calculations. Roundyour answer to 2 decimal places.) b. Calculate thequarterly geometric (time - weighted) average return onthe fund. (Do not round intermediate calculations.Round your answer to 2 decimal places.) c. Calculatethe quarterly dollar-weighted average return on thefund. (Do not round intermediate calculations. Roundyour answer to 2 decimal places.)

Name: You are the manager of the Mighty Fine mutual fund.The following tabl
Uploaded: 2024-03-05T11:42:36.000Z
Channel: Bartleby
Description: You are the manager of the Mighty Fine mutual fund.The following table reflects the activity of the fundduring the last quarter. The fund started the quarter onJanuary 1 with a balance of $60 million. Mighty FineMutual Fund Monthly Data (measured at

Average return:The mean value of returns on an investment over a certain time period is captured by…

Business

Finance

during the last quarter. The fund started the quarter on January 1 with a balance of $60 million. Mighty Fine Mutual Fund Monthly Data (measured at end of month) January February March Net inflows ($ million ) 4.3 -5.3 0 HPR (%) -1.90 5.60 4.80 Required: a.

during the last quarter. The fund started the quarter on January 1 with a balance of $60 million. Mighty Fine Mutual Fund Monthly Data (measured at end of month) January February March Net inflows ($ million ) 4.3 -5.3 0 HPR (%) -1.90 5.60 4.80 Required: a.

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

At the beginning of the year, an investment fund was established with an initial deposit of 500 . A deposit 1000 is made at the end of each month for the first six months. Starting from theend of month 7, a withdrawal of 300 is made at the end of each month for 5 months for a total of 5 withdrawals. The amount in the fund at the end of the year is 12,500. Calculate the dollar-weighted(money-weighted) yield rate earned by the fund during the year.
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.
A company deposited $14,500 into an investment fund at the beginning of every quarter for 7 years. It then stopped making deposits into the fund and allowed the investment to grow for 5 more years. The fund was growing at 3.50% compounded monthly. a. What was the accumulated value of the fund at the end of 7 years ? $0.00 Round to the nearest cent b. What was the accumulated value of the fund at the end of 12 years ? S0.00 Round to the nearest cent c. What was the amount of interest earned over the 12-year period? S0.00 Round to the nearest cent SA
Tikla invested Pnp210, 000 in a time deposit account at 7.5% compounded semi annually. How much is the value of the fund if it is withdrawn after 2 years and 6 months? Select the correct response: none of the above 220,000.00 P253, 440.96 P141,621.02
QuantAlpha fund charges a 12b-1 fee of 1% and maintains an expense ratio of 0.75%. Assume the rate of return on fund portfolio (before any taxes) is 6% per year. How much will an investment of $1000 in the fund grow to after 10 years?
Problem 4-18 (Algo) Loaded-Up Fund charges a 12b-1 fee of 1% and maintains an expense ratio of 0.80%. Economy Fund charges a front-end load of 2%, but has no 12b-1 fee and has an expense ratio of 0.20%. Assume the rate of return on both funds portfolios (before any fees) is 8% per year. Required: a. How much will an investment of $100 in each fund grow to after 1 year? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Mutual Fund Loaded Up Fund Economy Fund Investment Values b. How much will an investment of $100 in each fund grow to after 4 years? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Mutual Fund Investment Values
Ayayai Corporation wants to withdraw $125,900 (including principal) from an investment fund at the end of each year for 9 years. What should be the required initial investment at the beginning of the first year if the fund earns 11%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Required initial investment %24
Sean's investment of $81,400.00 in a fund matured to $155,777.80 in 8 years. If the interest in the fund is compounded semi-annually, calculate the following rounded to two decimal places. a. Periodic interest rate (i)(i) % b. Nominal interest rate (j)
Red Company invested $20,000 in a fund that was earning interest at a rate of 3.00% compounded semi-annually. After 2 years and 9 months, the company transferred these funds to another investment that was earning interest at 5.50% compounded monthly.
B 2. Deposits of $6000 are made every 6 months into a fund starting today and continuing until 10 deposits have been made. Six months after the last deposit, there is $70 630 in the fund. What nominal rate of interest, j2, do the deposits earn?

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