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
Hi, can you help me solve this? My values are not correct but I followed the example video and did the same steps as shown. Thanks!
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?
On July 1, Pina Colada Corp. purchases 610 shares of its $5 par value common stock for the treasury at a cash price of $9 per share. On September 1, it sells 230 shares of the treasury stock for cash at $12 per share. Journalize the two treasury stock transactions.
Using the following accounts and balances, prepare the Stockholders’ Equity section of the balance sheet using Method 1 ofExhibit 8. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. One hundred thousand shares of common stock are authorized, and 5,000 shares have been reacquired. Common Stock, $2 par$ 150,000Paid-In Capital from Sale of Treasury Stock60,000Paid-In Capital in Excess of Par—Common Stock2,250,000Retained Earnings10,880,000Treasury Stock140,000.
Feb 19th, issued 9,000 preferred shares for cash at $45 per share. The par value of preferred stock is $5. Prepare Journal Entry.
The shares of stock sold to investors are Select one: a. Treasury shares. b. Authorized shares. c. Issued shares. d. Outstanding shares. A firm that sold one share of $1 par value common stock for $10 would Select one: a. Debit common stock for $1. b. Debit common stock for $10. c. Credit common stock for $1. d. Credit common stock for $10. For a bond issued at par, the cash received upon issue equals the present value of the bond’s Select one: a. Principal repayment minus the interest payments. b. Principal repayment and interest payments. c. Principal repayment. d. Interest payments.
These account balances at December 31 relate to Sportplace Inc.: Accounts Payable..... $ 51,400 Preferred Shares, $0.01, Accounts Receivable. Common Shares Bonds Payable... 81,150 860,000 shares issued 595,000 Retained Earnings 86,000 71,500 3,100 Notes Receivable 12,600 If the average issue price of Sportplace's outstanding common shares is $11.90, how many common shares are issued and outstanding? OA. 50,000 OB. 595,000 O c. 100,000 OD. Unknown Next
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Pina Colada Inc. issues 4,650 shares of $100 par value preferred stock for cash at $145 per share.Journalize the issuance of the preferred stock. what is the title or explanation? what is debit or credit ?

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