Roger Inves value of his holdings was $1,700, and he calculated that his investment had grown 3.8% In 2010, the DWJ Fund lost-2.3%. At the end of 2011, Roger calculated that his 3 year average annual return was 5.4%. In the first month of 2012 (January), the DWJ Fund grew 1.3% If the fund continues to grow at the same rate for the remainder of 2012 as it did in January, what will the annual growth rate be? PS4 0.0% annual() 3 45 6 2 1 7 SUBMIT ANSWER EXIT

Roger Inves value of his holdings was $1,700, and he calculated that his investment had grown 3.8% In 2010, the DWJ Fund lost-2.3%. At the end of 2011, Roger calculated that his 3 year average annual return was 5.4%. In the first month of 2012 (January), the DWJ Fund grew 1.3% If the fund continues to grow at the same rate for the remainder of 2012 as it did in January, what will the annual growth rate be? PS4 0.0% annual() 3 45 6 2 1 7 SUBMIT ANSWER EXIT

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter2: Descriptive Statistics

Section: Chapter Questions

Problem 17P: Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual...

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Suppose that at the beginning of 2004 you invested $l0,000 in the Stivers mutual fund and $5000 in the Trippi mutual fund. The value of each investment at the end of each subsequent year is provided in the table below. Which mutual fund performed better? Year Stivers Trippi 2004 11,000 5,600 2005 12,000 6,300 2006 13,000 6,900 2007 14,000 7,600 2008 15,000 8,500 2009 16,000 9,200 2010 17,000 9,900 2011 18,000 10,600
Richard invested $750,000 in a hedge fund with a 2/20 fee structure. The fund had a total of $15 million of assets under management and it returned 12% and 19% in the first and second years, respectively. Assume that management fees are paid at the beginning of each year and performance fees are paid at the end of each year in which they are applicable. How much will Richard pay in performance fees for the first two years, respectively?
Last year your friend, who has not taken this investments class, invested $23 thousand into a fund with a 3.4% front-end load, a 1.5% annual expense ratio, and a NAV of $34.86 per share. The securities in the fund increased by 11.5 percent over the course of a year, and your friend sold the fund. What was your friend's rate of return on this investment? Enter answer in percents, accurate to two decimal places.
You purchased 1,900 shares of the New Fund at a price of $15 per share at the beginning of the year. You paid a front-end load of 5%. The securities in which the fund invests increase in value by 10% during the year. The fund's expense ratio is 2.1%. What is your rate of return on the fund if you sell your shares at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Five years ago, you invested in the Future Investco Mutual Fund by purchasing 1,400 shares of the fund at a net asset value of $18.99 per share. Because you did not need the income, you elected to reinvest all dividends and capital gains distributions. Today, you sell your 1,650 shares in this fund for $21.35 per share. What is the compounded rate of return on this investment over the five-year period? The compounded rate of return on this investment over the five-year period is. (Round to two decimal places)
Elise Carlo is adapting the cost averaging in investment. She decided to invest in a mutual fund for 6 months with a monthly investment of P4,500.00. The initial shares price of the fund was listed at P200 then decreases by 5% every month for a year. Compute for the average price using cost-averaging method.
The Yachtsman Fund had NAV per share of $36.12 on January 1, 2016. On December 31 of the same year, the fund's NAV was $39.71. Income distributions were $0.64, and the fund had capital gain distributions of $1.13. Without considering taxes and transactions costs, what rate of return did an investor receive on the Yachtsman Fund last year? A. 14.84% B. 14.39% C. 17.68% D. 18.52% E. 22.92%
Judah invests $7 million in a hedge fund with a 2/20 fee structure. The fund has a total of $93 million of assets under management and the return in the first year is 22%. Assume that management fees are paid at the beginning of each year and performance fees are paid at the end of each year in which they are applicable. What is the amount of the performance fee that Mr. Dowdy will pay in the first year? O $276,300 O $273,840 O $1,369,200 O $283,900 O $300,000
The New Fund had average daily assets of $3.6 billion in the past year. The fund sold $414 million and purchased $514 million worth of stock during the year. What was its turnover ratio? (Round your answer to 2 decimal places.)
The Damon Investment Company manages a mutual fund composed mostly of speculative stocks. You recentlysaw an ad claiming that investments in the funds have been earning a rate of return of 21%. This rate seemedquite high so you called a friend who works for one of Damon’s competitors. The friend told you that the21% return figure was determined by dividing the two-year appreciation on investments in the fund by theaverage investment. In other words, $100 invested in the fund two years ago would have grown to $121 ($21 ÷$100 = 21%).Required:Discuss the ethics of the 21% return claim made by the Damon Investment Company.Sally Hamilton has performed well as the chief financial officer of the Maxtech Computer Company and hasearned a bonus. She has a choice among the following three bonus plans:1. A $50,000 cash bonus paid now.2. A $10,000 annual cash bonus to be paid each year over the next six years, with the first $10,000 paid now.3. A three-year $22,000 annual cash bonus with the first…
Five years ago, you invested in the Future Investco Mutual Fund by purchasing 1,100shares of the fund at a net asset value of $17.88 per share. Because you did not need the income, you elected to reinvest all dividends and capital gains distributions. Today, you sell your 1,450 shares in this fund for $21.96 per share. What is the compounded rate of return on this investment over the five-year period?
The New Fund had average daily assets of $3.9 billion last year. The fund sold $540 million worth of stock and purchased $680 million during the year. What was its turnover ratio? (Round your answer to 1 decimal place.)