The information in the table applies to the day of investment in a mutual fund. Find (a) the net asset value and (b) the number of shares purchased. What is the net asset value? Round to the nearest cent.) How many shares were purchased? Round to the nearest whole number.) Amount Invested. Total Fund Assets Total Fund Liabilities Total Shares Outstanding $4000 $908 million $48 million 80 million

The information in the table applies to the day of investment in a mutual fund. Find (a) the net asset value and (b) the number of shares purchased. What is the net asset value? Round to the nearest cent.) How many shares were purchased? Round to the nearest whole number.) Amount Invested. Total Fund Assets Total Fund Liabilities Total Shares Outstanding $4000 $908 million $48 million 80 million

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Nn. 119.
At the end of yesterday mutual fund XYZ had $7 million in cash, $350 million in securities and 61 million of shares outstanding. At the end of today the value of securities increased by 5% and the number of shares increased by 2%. Calculate fund’s NAV as of today. $5.55 $6.02 $6.19 $5.82
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Consider the Compliance Bond Fund that consists of the seven bonds shown below and has no liabilities. If initially the value of the fund was $2,500,000 and the original shares were offered to the public with a NAV of $25 per share, what is the current NAV of the fund? a. $26.27 b. $25.00 c. $21.67 d. $26.11 e. $27.11
Which of the following is not considered part of M2? a. money market mutual fund shares b. large time deposits of more than $100,000 c. small time deposits of less than $100,000 d. savings deposits
A mutual fund has $246 million dollars in assets, 27 million shares outstanding, and a total expense ratio of 0.5 percent. If during the past year the fund has bought and sold $105 million worth of assets, what is the fund's turnover rate? Enter answer in percents, accurate to two decimal places.
es Required information [The following information applies to the questions displayed below.] A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 5.5%. The probability distributions of the risky funds are: Stock fund (S) 15% 9% Bond fund (B) The correlation between the fund returns is 0.15. Expected Return Expected return Standard deviation Required: What is the expected return and standard deviation for the minimum-variance portfolio of the two risky funds? (Do not round intermediate calculations. Round your answers to 2 decimal places.) % % Standard Deviation 32% 23%
The composition of the Fingroup Fund portfolio is as follows: Price $ 35 34 26 25 Stock A B C D Shares 200,000 288,000 406,000 660,000 The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $46,000. There are 5.2 million shares outstanding. What is the net asset value of the fund? (Round your answer to 2 decimal places.) Net asset value
If a mutual fund's net asset value is $23.30 and the fund sells its shares for $25.00, what is the load fee as a percentage of the net asset value? Round your answer to two decimal places.....%
Louis Hall read in the paper that Fidelity Growth Fund has an NAV of $16.02. He called Fidelity and asked how the NAV was calculated. Fidelity gave him the following information: Current market value of fund investment Current liabilities Number of shares outstanding Did Fidelity provide Louis with the correct information? Yes No Saved $ 8,550,000 $ 860,000 480,000