The New Fund had average daily assets of $3.9 billion in the past year. If New Fund's expense ratio was 0.80% and the management fee was 0.70%. a. What were the total fees paid to the fund's investment managers during the year? (Enter your answer in millions. Round your answer to 1 decimal place.) Fees paid million b. What were the other administrative expenses? (Enter your answer in millions. Round your answer to 1 decimal place.) Other administrative expenses million

The New Fund had average daily assets of $3.9 billion in the past year. If New Fund's expense ratio was 0.80% and the management fee was 0.70%. a. What were the total fees paid to the fund's investment managers during the year? (Enter your answer in millions. Round your answer to 1 decimal place.) Fees paid million b. What were the other administrative expenses? (Enter your answer in millions. Round your answer to 1 decimal place.) Other administrative expenses million

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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For each of the past six quarters, Managers L and M have provided you with the totaldoUar value of the funds they manage, along with the quarterly contributions or withdrawals made by their clients. (Note: Contributions are indicated by positive numbers, withdrawals by negative numbers.)MANAGER l MANAGER MTotal Funds under Contributions/ Total Funds under Contributions/Quarter Management Withdrawals Management WithdrawalsInitial $500,000 $700,0001 527,000 12,000 692,000 - 35,0002 530,000 7,500 663,000 - 35,0003 555,000 13,500 621,000 -35,0004 580,000 6,500 612,000 - 35,0005 625,000 10,000 625,000 - 35,000For each manager, calculate:a. Her money-weighted returnb. Her time-weighted returnc. Estimates of her quarterly performance returns using the Dietz approximation method,assuming that contributions/ withdrawals are made exactly halfway through the quarter
G. Each column in the table below is labeled, complete the table by writing the given data (in figures), the word “unknown" for the unknown data, n/a if it is not applicable in the problem. 8. If you start investing Php 50,000 now in a trust fund that pays 8% compounded semi-annually, how much money will you have in 10 years? P A 9. How much must be invested today at 8.5% compounded quarterly to have Php3,000,000 in 30 years? P I n AMW PRC 10. Find the present value of Php 150,000, due at the end of 2 years, if money is worth 9% compounded annually. A
13. hat Corp. establishing a fund where they pay $200 annually (ie. every year) into the fund. The interest rate thst the fund earns is an annual rate of 6%. What will be the balance of the fund at the end of the 5 years? Round to the nearest dollar. please also explain that formula(s) you used and variable inputs.
You invest $1500 today and another $2000 18-months from today in a fund earning j4 = 8% for the first 18 months followed by j₂ = 6% thereafter. How much do you have at the end of 4 years? OA. $4007.79 OB. $4377.73 OC. $4274.59 OD. $4276.84 27
Fund had a value of $32,000 on 1 April 2011. A net cash ow of $7.000 was received on 1 April 2012, a further net cash ow of $8,000 was received on 1 April 2013, and a further net cash ow of $12,000 was received on 1 April 2014. Immediately before receipt of the _rst net cash ow, the fund had a value of $35,000, immediately before receipt of the second net cash flow, the fund had a value of $45,000, and immediately before receipt of the third net cash ow, the fund had a value of $55,000. The value of the fund on 1 April 2015 was $65,.000. The money weighted rate of return per annum for the same period is Select one: a. 4.22% b. 6.19% c. 3.17% O d. 5.16% e. 8.41%
Vanessa deposited $16,000 into a fund at the beginning of every quarter for 11 years. She then stopped making deposits into the fund and allowed the investment to grow for 5 more years. The fund was growing at 3.85% compounded monthly. a. What was the accumulated value of the fund at the end of year 11? Round to the nearest cent b. What was the accumulated value of the fund at the end of year 16? Round to the nearest cent c. What is the total amount of interest earned over the 16-year period? Round to the nearest cent
Loaded-Up Fund charges a 12b-1 fee of 0.75% and maintains an expense ratio of 0.50%. Economy Fund charges a front-end load of 3.0%, but has no 12b-1 fee and has an expense ratio of 0.25%. Assume the rate of return on both funds' portfolios (before any fees) is 10% per year. Required: How much will an investment of $1,000 in each fund grow to after: Note: Do not round your intermediate calculations. Round your answers to 2 decimal places. a. 1 year b. 3 years c. 10 years Loaded-Up Fund Economy Fund
A financial adviser is reviewing one of her client's accounts. The client has been investing $1,000 at the end of every quarter for the past II years in a fund that has averaged 7.3% compounded quarterly. Using a cash flow diagram, how much money does the client have in his account?
Chris Lavigne invested a total of $10,200 in the AIC Diversified Canada Mutual Fund. The management fee for this particular fund is 2.55 percent of the total investment amount. Calculate the management fee Chris must pay this year. (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Management fee $
A company has $44,000 today to invest in a fund that will earn 4% compounded annually. How much will the fund contain at the end of 6 years? (PV of $1 EV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $55,673 $45,760 $55,550 $54,560 $59,862
On 1 January 2019, you invested £100 in a fund. A further £50 was invested on 1 January 2020. The values of the funds were: Date Fund Value (in £) 31 Dec 31 Dec 31 Dec 2018 2019 2020 0 105 242 Calculate the money-weighted rates of return over the period 1 January 2019 to 31 December 2020. Give your answer to 3 decimal places.

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