Open-end Fund A has 165 shares of ATT valued at $35 each and 30 shares of Toro valued at $75 each. Closed-end Fund Bhas 75 shares of ATT and 72 shares of Toro. Both funds have 1,000 shares outstanding. (LG 17-5)If the price of ATT stock increases to $36.25 and the price of Toro stock declines to $72.292, what is the percentage changein NAV for the open-end fund?Enter the answer as decimal 0.000

NAV is the net asset value and is the smallest unit of shares of a mutual fund that are traded on…

Open-end Fund A has 165 shares of ATT valued at $35 each and 30 shares of Toro valued at $75 each. Closed-end Fund B has 75 shares of ATT and 72 shares of Toro. Both funds have 1,000 shares outstanding. (LG 17-5) f the price of ATT stock increases to $36.25 and the price of Toro stock declines to $72.292, what is the percentage change n NAV for the open-end fund? Enter the answer as decimal 0.000

Open-end Fund A has 165 shares of ATT valued at $35 each and 30 shares of Toro valued at $75 each. Closed-end Fund B has 75 shares of ATT and 72 shares of Toro. Both funds have 1,000 shares outstanding. (LG 17-5) f the price of ATT stock increases to $36.25 and the price of Toro stock declines to $72.292, what is the percentage change n NAV for the open-end fund? Enter the answer as decimal 0.000

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 ABC Mutual Fund had no liabilities and owned only four stocks as follows: Stock Shares Price Market Value 1,100 $1 $12,100 1,300 15 19,500 Y 1,500 24 36,000 800 16 12,800 $80,400 The fund began by selling $54,000 of stock at $9.00 per share. What is its NAV? Do not round intermediate calculations. Round your answer to the nearest cent.
Find the following for the indicated mutual fund when the given number of shares is bought and sold 1 year later after receiving the distribution shown in the following table. (Round your answers to two decimal places.) Name Shares Bought Shares Sold Distribution SouthCo 200 at $40 200 at $50 $0.60 per share (a) Find the capital appreciation. _______________ %(b) Find the yield. ______________%(c) Find the return. ___________________%
10. A mutual fund has total assets of P680M and total liabilities of P38M. If the company has 545,000 outstanding shares and you plan to invest money worth P1.5M, how many shares .8 should you receive?ulev sosts diiw llid yauaROTTIysb-00thly
The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 200,000 $ 34 B 280,000 38 C 410,000 30 D 580,000 45 During the year the portfolio manager sells all of the holdings of stock D and replaces them with 200,000 shares of stock E at $30 per share and 300,000 shares of stock F at $67 per share. What is the portfolio turnover rate? (Round your answer to 1 decimal place.) Turnover rate %
You invest in a mutual fund that charges a 3% front-end load, 1% total annual fees, and a 0% back-end load on Class A shares. The same fund charges a 0% front-end load, 1% total annual fees, and a 2% back-end load on Class B shares. What are the total fees in year 1 on a Class B investment of $20,000 if you redeem shares with no growth in value? $600 $902 $596 $885
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A 192.B is wrong
1. A mutual fund with K100 million in assets at the start of the year and with 10 million shares outstanding invests in a portfolio of stocks that provides no income but increases in value by 10 %. Required: What is the rate of return in the fund? If a fund has an initial NAV of K20 at the start of the month makes income distributions K0.15 and capital gain distributions of K0. 05 and ends the month with NAV of K20.10. Calculate the monthly rate of return. 2. An equity fund has a front end load of 4 % and special fees of 0.5% annually as well as back-end fees that start at 5 % and fall by 1 % for each full year the investor holds the portfolio until the fifth year. Assuming the rate of return on the fund net of operating expenses is 10 % annually, what will be the value of a K10 000 investment in the equity fund shares if the shares are sold after 1 year, 4 years and 10 years?
An open-end mutual fund owns 1,000 shares of Dunkin Donut priced at $14.20/sh. The fund also owns 2,000 shares of Starbucks priced at $27.50/sh., and 5,000 shares of Gino’s Pizza priced at $12.00/sh. The fund itself has 4,000 of its own shares outstanding. What is the NAV of this mutual fund? A. $12.92 B. $35.80 C. $16.15 D. $17.90 E. $32.30
A mutual fund’s net asset value is $39.30, but the fund charges a 3 percent load fee (front- loaded) and an exit fee of 1 percent (if redeemed in 6 months) of net asset value. An individual client purchases 10 shares of the mutual fund on Jan 5 of year 20X1. During the year 20X1, the fund distributes $3.45 capital gain and $0.75 dividend income. The net asset value rises to $42.12 on Jan 5 of year 20X2 and the investor redeems the shares. a) What is the percentage return the fund can report that was achieved by its portfolio managers? b) What is the percentage return the individual earned on the investment? Why is this answer different from the answer in part (a)?
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