You have a mutual fund with $100 millionworth of total assets which is calculated atthe end of the day after closing. It also has$10 million of cash on hand, $5 million intotal receivables. It has earned $10 millionof income for the day. The fund has $8million in short-term liability and $2 millionin long term liability. The fund also has 10million shares outstanding. What is NAVper Share? (round to the nearest cent){DONOT INCLUDE COMMAS OR $}Type your responseSubmit

NET ASSETS VALUE Net Asset Value (NAV) of a Mutual Fund (MF) Scheme is the Market Value per unit…

Answered: You have a mutual fund with $100…

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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You purchased a total of $10,000 in bond funds. The JP Morgan Emerging Markets bond fund costs $100 per share, and The Fidelity Conservative Income bond fund costs $10 per share. If the emerging markets funds goes up in value by 5% and the conservative bond fund increases by 10%, your portfolio will be worth $10,600. How many shares of each fund do you own?
Consider a no-load mutual fund with $457 million in assets and 12 million shares at the start of the year, and $520 million in assets and 13.21 million shares at the end of the year. During the year investors have received income distributions of $2.25 per share, and capital gains distributions of $1.57 per share. Assume that the fund carries no debt. What is the NAV at the START of the year? Group of answer choices 36.11 33.07 39.47 38.08 37.78
You are given the following information: Boston Equity Mutual Fund Total assets $ 904 million Total liabilities $ 9 million Total number of shares 42 million Calculate the net asset value for the Boston Equity mutual fund. Note: Round your answer to 2 decimal places.
You invested in the no-load Best Mutual Fund one year ago by purchasing 900 shares of the fund at the net asset value of $19.44 per share. The fund distributed dividends of $1.88 and capital gains of $2.12. Today, the NAV is $21.36. What was your holding period return?
Suppose you own a mutual fund which has 13,000,000 shares outstanding. If its total assets are $36,000,0000 and its liabilities are $5,000,000, find the net asset value (in $) of the fund. Round to the nearest cent. 2$ Need Help? Read It Watch It Master It
An investor buys shares in a mutual fund for $22. At the end of the year the fund distributes a dividend of $0.57, and after the distribution the net asset value of a share is $24.04. What is the investor's percentage return on the investment? Round your answer to two decimal places.
Suppose you own a mutual fund which has 19,000,000 shares outstanding. If its total assets are $42,000,000 and its liabilities are $5,000,000, find the net asset value (in $) of the fund. Round to the nearest cent. $ _______
A year ago, an investor bought 600 shares of a mutual fund at $7.64 per share This year, the fund has paid dividends of $0.72 per share and had a capital gains distribution of $0.54 per share. a. Find the investor's holding period return, given that this no-load fund now has a net asset value of $8.23. b. Find the holding period return, assuming all the dividends and capital gains distributions are reinvested into additional shares of the fund at an average price of $7.86 per share a. Given that this no-load fund now has a net asset value of $8.23, the investor's holding period return is% (Round to two decimal places)
Suppose you own a mutual fund which has 11,000,000 shares outstanding. If its total assets are $44,000,000 and its liabilities are $7,000,000, find the net asset value (in $) of the fund. Round to the nearest cent. $
A mutual fund has 150 shares of Apple Computer trading at $170 per share, 100 shares of Tesla trading at $315 per share and 500 shares if Intel trading at $43 per shares. The fund has 5,000 shares outstanding. What is the NAV of the fund?
One year ago you bought 100 shares of a mutual fund for $14.50 per share, and you received a $0.52 per - share capital gain distribution during the past 12 months. The fund has an annual 12b-1 fee of 0.35 percent and an expense ratio of 1.65 percent. The market value of the fund is now $18. Calculate the total dollar return for this investment if you were to sell it now. (Convert and round to 2 decimals) Calculate the total percentage return for this investment if you were to sell it now. (Convert and round to 1 decimal)
ded City Street Fund has a portfolio of $432 million and liabilities of $12 million. Required: a. If there are 28 million shares outstanding, what is the net asset value? Net asset value $ 15 Per share b-1. If a large investor redeems 2 million shares, what happens to the portfolio value? (Enter your ansv er in dollars not in millions.) Portfolio value decreases to Shares outstanding decreases b-2. If a large investor redeems 2 million shares, what happens to shares outstanding? (Enter your answer in dollars not in millions.) 402 X to $ 26 X

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