You invested in the no load Best Mutual Fund one year ago by purchasing 1,000 shares of the fund at the net asset value of $18 68 per share. The fund distributed dividends of $2.04 and capital gains of $191 Today, the NAV is $20 19 Best was a load fund with a 3% bont end load, what would be the HR? Your holding period return would be (Round to two decal places)

You invested in the no load Best Mutual Fund one year ago by purchasing 1,000 shares of the fund at the net asset value of $18 68 per share. The fund distributed dividends of $2.04 and capital gains of $191 Today, the NAV is $20 19 Best was a load fund with a 3% bont end load, what would be the HR? Your holding period return would be (Round to two decal places)

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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Consider a no-load mutual fund with $100 million in assets, 10 million in debt, and 10 million shares at the start of the year; and $120 million in assets, 12 million in debt, and 12 million shares at the end of the year. During the year investors have received income distributions of $0.50 per share, and capital gains distributions of $0.20 per share. Assuming that the fund carries no debt, what is the rate of return on the fund? 0 0% O 7.78% O 27.78% O 10%
If a mutual fund's net asset value is $24.00 and the fund sells its shares for $25.20, what is the load fee as a percentage of the net asset value? Round your answer to two decimal places. %
A year ago, an investor bought 100 shares of a mutual fund at $7.50 per share. This year, the fund paid dividends of $0.75 per share capital gains of $0.50 per share. a. Find the investor's holding period return, given that this no-load fund now has a net asset value of $8.20. 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 $7.75 per share.
Lee Ray bought 130 shares of a mutual fund with an NAV of $13.10. This fund also has a load charge of 8.5% a. What is the offer price? Note: Round your Intermediate and final answer to the nearest cent. Offer price b. What did Lee pay for his Investment? Note: Round your answer to the nearest cent. Saved Investment to be paid
Lee Ray bought 250 shares of a mutual fund with a NAV of $13.85. This fund also has a load charge of 7%. a. What is the offer price? (Round your intermediate and final answer to the nearest cent.) Offer price es b. What did Lee pay for his investment? (Round your intermediate and final answer to the nearest cent.) Investment to be paid Prev 15 of 18 Next > 灣遍 ation
You pay $22,200 to the Laramie Fund, which has a NAV of $22 per share at the beginning of the year. The fund deducted a front-end load of 4%. The securities in the fund increased in value by 10% during the year. The fund's expense ratio is 1.2% and is deducted from year-end asset values. What is your rate of return on the fund if you sell your shares at the end of the year?
You invest $1000 dollars in a mutual fund with a 2% front-end load, and an expense ratio of 0.5%. If the mutual fund earns an annual rate of return of 12% before fees, how much money will your investment be worth in 10 years? O $2,910.55 O $3,025.50 O $2,775.25 O none of the choices
You invest $100,000 in a hedge fund with a 2/20 fee structure. For the next 3 years, the hedge fund earns annual returns of 25.93%, -10.62%, and 64.83%. You make no withdrawals from the fund. Whenever fees are due, you write a check for that amount to the fund (such that the fund doesn't deduct the fees from your portfolio value). The fund's fee structure has a high watermark feature. What are the total fees you pay over the course of the three years? Enter a number with two decimal points. Answer the question in dollar amount, i.e., if the answer is $20, enter 20.00.
You invested $25,000 in a mutual fund at the beginning of the year when the NAV was $33.16. At the end of the year the fund paid $.27 in short-term distributions and $.44 in long-term distributions. If the NAV of the fund at the end of the year was $37.81, what was your return for the year?
Five years ago, you invested in the Future Investco Mutual Fund by purchasing 1,300shares of the fund at the price of $17.44 per share. Because you did not need the income, you elected to reinvest all dividends and capital gains distributions. Today, you sell your 1,550 shares in this fund for $21.78 per share. If there were a 3% load on this fund, what would your rate of return be?
Lee Ray bought 210 shares of a mutual fund with a NAV of $12.85. This fund also has a load charge of 7%. a. What is the offer price? (Round your intermediate and final answer to the nearest cent.) Offer Price: b. What did Lee pay for his investment? (Round your intermediate and final answer to the nearest cent.) Investment to be paid:
David Nash has $100,000 to invest in a mutual fund.a. How many shares can he purchase in a no-load mutual fund whose net assetvalue (NAV) is $50 per share?b. How many shares can he purchase in a loaded mutual fund whoseNAV is $50 per share and that has a front-loaded sales charge of5 percent?

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