On January 1st, Vanguard Wellington Fund, an open-end mutual fund, hasthe following assets and prices at 4:00 PM.StockShares ownedPriceCisco Systems3, 000$50. 00Deere & Co.2, 000$160. 00eBay Inc.15, 000$30. 00Ford Motor6, 000$10. 00Macy's Inc.5, 000$40. 00On January 2nd, the assets and prices at 4 PM are:StockShares ownedPriceCisco Systems3, 000$55. 00Deere & Co.2, 050$120. 00eBay Inc.15, 000$20. 00Ford Motor6, 400$20. 00Macy's Inc.5, 000$50. 40Question: The same investor decides to redeem all fund shares that he/shehas bought on January 1st and submits an order to redeem before 4 PM onJanuary 2nd. Assume that the fund also charges| 1% back-end load. What isthis investor's one-day rate of return?-12.88%-9.25%1.65%-15.43%

The question is related to Mutual Fund Return. Return = (Investment at the end - Investment at the…

Answered: On January 1st, Vanguard Wellington…

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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On March 1, Newt Corp. had 60,000 shares of common stock authorized and 20,000 shares of $2 par common stock issued and outstanding when it declared a $.40 (forty cents) per share dividend to be paid on March 31. Use the drop-down menu to complete each of the following sentences: A. The journal entry on March 1 should have a debit to for $ and a credit to for $ B. The journal entry on March 31 should have a debit to for $ and a credit to for $
Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 20Y8, were as follows: Record on journal page 10: Jan. 3 Issued 15,000 shares of $20 par common stock at $30, receiving cash. Feb. 15 Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash. May 1 Issued $500,000 of 10-year, 5% bonds at 104, with interest payable semiannually. 16 Declared a quarterly dividend of $0.50 per share on common stock and $1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were outstanding. 26 Paid the cash dividends declared on May 16. Jun. 8 Purchased 8,000 shares of treasury common stock at $33 per share. 30 Declared a $1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock had been issued. Jul. 11 Paid the cash dividends to the preferred…
January 1: Walgreens reacquires 2,400 shares of its $18 par value Common Stock for $79 per share.March 5: Walgreens reissues 1,200 of the above-mentioned shares for $90 per share. Using the above information, the journal entry to record the March 5th transaction will be: Select one: a. Debit Credit Cash 108,000 Treasury Stock 108,000 b. Debit Credit Cash 108,000 Treasury Stock 94,800 APIC – TS 13,200 c. Debit Credit Cash 108,000 Treasury Stock 21,600 APIC – TS 86,400 d. Debit Credit Cash 108,000 Treasury Stock 94,800 Gain on Sale of TS 13,200 e. Debit Credit Cash 108,000 Treasury Stock 94,800 Investment Income 13,200
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Larkspur, Inc. issues 7,600 shares of $108 par value preferred stock for cash at $116 per share. What are the journal entries for the issuance of the preferred stock?
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Record the journal entries for the 2 listed events below. 1. On June 13, 2022, Best Buy issued 20,000 shares of $5 par value preferred stock for cash at $30 per share. 2. On June 19, 2022, Best Buy declared a $0.95 per share cash dividend on 100,000 shares of $10 par value of preferred stock.

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