A mutual fund has an offer price of $14.02. If you invested a lump sum of $16,000, how many shares did you purchase? Round to the nearest thousandth. 1141 X shares
Q: The Wildwood Fund sells Class A shares with a front-end load of 3.5% and annual operating expenses…
A: The term mutual fund refers to the process of polling of money from different investors, and then…
Q: Lee Ray bought 250 shares of a mutual fund with an NAV of $13.85. This fund also has a load charge…
A: Shares are the units of the capital of a corporation that represents the equity ownership of the…
Q: On February 9, 2020, the market value of the investments contained in the All Star Stock Fund, a…
A: Market Value of the mutual fund = $21,200,000 Liabilities for the fund = $2,544,000 Net Asset Value…
Q: A mutual fund has an offer price of $14.02. If you invested a lump sum of $16,000, how many shares…
A: No of shares purchased Amount invested/offer price
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A: The process where a large amount of money is received from various interested investors, Once the…
Q: Consider an open-end mutual fund with 2 million shares outstanding, liabilities of $5 million, and…
A: Net Asset Value= Market Value of Assets - Liabilities
Q: You purchased 1,000 shares of a mutual fund at an offer price of $13.68 per share. Several months…
A: The percentage return that an investor is earning from a particular investment in a particular time…
Q: A mutual fund has total assets of $45,000,000 and total liabilities of $4,000,000. There are…
A: Solution:- Net Asset Value (NAV) of mutual fund means per unit net value of each unit. NAV = (Total…
Q: A mutual fund has an offer price of $14.06. If you invested a lump sum of $14,000, how many shares…
A: The mutual fund represents the fund that is invested in various commodities in the market i.e.,…
Q: A mutual fund has a NAV of $20 per share, if you invest $10,000 into this no load mutual fund you…
A: A mutual fund is an investment avenue that provides investment opportunities to individual investors…
Q: Consider an index fund that contains the following four stocks: American Campus Communities,…
A: To Find: NAV on 30th march Number of shares of MRK purchased
Q: A mutual fund has total assets of $40,000,000 and total liabilities of $3,000,000. There are…
A: Net asset value of the mutual fund = (Total assets - total liabilities) / no. of shares outstanding…
Q: A mutual fund has assets of $50 million, liabilities of $150000 million and 1 million shares what is…
A: NAV FORMULA: NAV=asset - liabiltiesnumber of outstanding shares
Q: A mutual fund has an offer price of $14.06. If you invested a lump sum of $18,000, how many shares…
A: Offer price is $14.06 Invested lumpsum amount is $18,000 To Find: Number of shares Purchased
Q: A mutual fund has total assets of $50,000,000 and total liabilities of $5,000,000. There are…
A: Here, Total Assets is $50,000,000 Total Liabilities is $5,000,000 Shares Outstanding is 1,900,000…
Q: A mutual fund has an offer price of $14.04. If you invested a lump sum of $14,000, how many shares…
A: In this question we need to calculate the number of shares purchased.
Q: A mutual fund has total assets of 17 million and total liabilities of 3 million. there are 2 million…
A: Here, Total assets is $17,000,000 Total Liabilities is $3,000,000 Shares Outstanding is 2,000,000…
Q: You purchase a mutual fund at an offer price of $11.77 per share. If the net asset value is $11.28,…
A: Mutual fund is the fund that includes small amounts from a large number of investors, which is then…
Q: Lee Ray bought 250 shares of a mutual fund with a NAV of $13.85. This fund also has a load charge of…
A: Load fee is the fee which is charged by a mutual fund from the investor. A load can be charge at the…
Q: You invested in the no-load Best Mutual Fund one year ago by purchasing 900 shares of the fund at…
A: Purchase price (NAV0) = $19.44 Dividend (D) = $1.88 Capital gain (C) = $2.12 NAV at the end of year…
Q: HappyRetirement fund owns 150,000 shares of stock a comma 200,000 shares of stock B, and 400,000…
A: Net Asset Value [NAV] of fund = Net assets / units outstanding
Q: Lee Ray bought 210 shares of a mutual fund with a NAV of $12.85. This fund also has a load charge of…
A: a) Computation:
Q: David Nash has $100,000 to invest in a mutual fund.a. How many shares can he purchase in a no-load…
A: Mutual fund companies collect funds from investors and create a fund pool which invests in…
Q: 1. A fund is set up to charge a load. Its net asset value is P16.50 and its offer price is P17.30.…
A: The organization's net assets after reducing total liabilities from total assets are known as net…
Q: You purchased 1,000 shares of a mutual fund at an offer price of $13.88 per share. Several months…
A: The question is based on the concept of Holding period Return.
Q: You purchased 5,000 shares of a mutual fund at a price of $7.50 per share. You later sell those…
A: Return on investment = (sale price - purchase price + dividend)/purchase price
Q: What is the total percent return on the beginning net asset value?
A: The stock return is the change in the price of an investment. It includes the payment of dividend…
Q: The Wildwood Fund sells Class A shares with a front-end load of 3.5% and annual operating expenses…
A: The question is based on the concept of business finance
Q: You purchased 1,000 shares of a mutual fund at an offer price of $13.48 per share. Several months…
A: please see the next step for the solution
Q: You purchased 1,000 shares of a mutual fund at an offer price of $13.88 per share. Several months…
A: Return on Investment (ROI):-It is the ratio that is calculated by dividing profit earned on an…
Q: You purchased 1,000 shares of a fund at a price of $20 per share at the beginning of the year. The…
A: Mutual funds are a kind of investment vehicle that are professionally managed by the fund managers…
Q: Suppose that at the start of the year, a no-load mutual fund has a net asset value of $27.65 per…
A: Return % before tax = capital gains/purchase NAV Capital gains = year end NAV - purchase NAV Return…
Q: An investor buys shares in a mutual fund for $22. At the end of the year the fund distributes a…
A: Percentage return on the investment is dividend plus capital gain divided by purchased price.
Q: You purchased 1,000 shares of a mutual fund at an offer price of $13.88 per share. Several months…
A: Given: Purchase price = $13.88 Selling price = $14.62 Dividend = $0.63
Q: A mutual fund has total assets of P680M and total liabilities of P38M. If the company has 545,000…
A: Net assets of mutual fund = Total assets - Total liabilities = 680M - 38M = 642M
Q: The total assets of a mutual fund amount to ₱40M and the total liabilities of ₱8M. If you invest ₱1M…
A: Stocks are stocks of corporate capital. In some companies, stocks exist as financial assets that can…
Q: You invested in the no-load Best Mutual Fund one year ago by purchasing 900 shares of the fund at…
A: Given That: Opening NAV= $19.44 per share Closing NAV=$21.36 per share Dividend=$1.88 Capital Gain=…
Q: An open-end mutual fund owns 1,000 shares of Dunkin Donut priced at $14.20/sh. The fund also owns…
A: The NAV of mutual fund is calculated as the ratio of total assets and number of shares outstanding.…
Q: An investor buys shares in a mutual fund for $22. At the end of the year the fund distributes a…
A: Buying price =22 Dividend =0.57 Later price of shares =24.04
Q: A mutual fund has 150 shares of Apple Computer trading at $170 per share, 100 shares of Tesla…
A: Under stock market, there are numerous types of investment one can have. These investments can be…
Q: An investor buys shares in a mutual fund for $20. At the end of the year the fund distributes a…
A: Buying Price = $20 Dividend =$0.67 Closing NAV =$24.57
Q: Consider an open-end mutual fund with 2 million shares outstanding, liabilities of $5 million, and…
A: Open-end mutual fund is one of the two types of mutual funds where entry and exit are freely done by…
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- A mutual fund has an offer price of $14.06. If you invested a lump sum of $18,000, how many shares did you purchase? Round to the nearest thousandth. ___ sharesA mutual fund has an offer price of $14.06. If you invested a lump sum of $14,000, how many shares did you purchase? Round to the nearest thousandth.A mutual fund has an offer price of $14.06. If you invested a lump sum of $14,000, how many shares did you purchase? Round to the nearest thousandth (THE ANSWER IS NOT 995)
- Find the following for the indicated mutual fund when the given number of shares is bought and sold 1 year later after receiving the distribution shown in the following table. (Round your answers to two decimal places.) Name Shares Bought Shares Sold Distribution SouthCo 200 at $40 200 at $50 $0.60 per share (a) Find the capital appreciation. _______________ %(b) Find the yield. ______________%(c) Find the return. ___________________%Suppose you own a mutual fund, which has 17,000,000 shares outstanding. If the total assets are $38,000,000 and it’s liabilities are $7,000,000 find the net asset value In $ for the fund round to the nearest cent You purchase a mutual fund for $17.23 The fund's NAV is $17.00 (the load fee was .23 cents). The NAV subsequently rises to $22.00, and you redeem the shares. What is the percentage return on your investment
- 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 $1.88and capital gains of $2.12. Today, the NAV is $21.36. What was your holding period return?Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows: Stock Shares Price Market Value W 1,000 $12 $12,000 X 1,200 15 18,000 Y 1,500 22 33,000 Z 800 16 12,800 Sum: $75,800 The fund began by selling $50,000 of stock at $8.00 per share. What is its NAV?Hello, i have posted this question many times in chegg, but every time people answering this question to use ai tool like chatgpt, please dont use gpt and other ai tool. Provide me original answers with proper explanations. thank you. You are investing $8,000 in a mutual fund that charges a 4.50 percent front-end load. The offering price is $24.70 a share. What will your investment be worth immediately after your shares are purchased?
- Consider an index fund that contains the following four stocks: American Campus Communities, Inc. (ACC), Global Net Lease, Inc. (GNL), Jones Lang LaSalle Incorporated (JLL), and Merck & Co., Inc. (MRK). On March 30, 2022, the stock prices at close were: ACC $56.73 GNL $15.65 JLL $243.22 MRK $82.40 The mutual fund held the following numbers of shares in these companies: Shares (million) ACC 2.087 GNL 1.558 JLL 0.748 MRK 37.950 On March 30, the mutual fund had 25 million shares outstanding. Calculate the net asset value per mutual fund share (in dollars). During the day on March 30, the fund had a net cash inflow of $250 million. How many shares of MRK did the index fund manager have to purchase in order to maintain a portfolio with the same portfolio weights as at the start of the day? You should assume that the fund manager invests all net inflows in securities at market close prices on March 30. She holds no cash balance.You invested in the no - load Best Mutual Fund one year ago by purchasing 700 shares of the fund at the net asset value of $18.89 per share. The fund distributed dividends of $ 2.52 and capital gains of $2.12. Today, the NAV is $20.31. What was your holding period (Round to return Your holding period return was two decimal places.)A mutual fund has $500 million worth of stock, $400,000 in cash, and $2 million in other assets. The fund's total liabilities amount to $2 million. There are 9 million shares outstanding. You invest $11,000 in this fund. How many shares are you purchasing? (Round your answer down to the nearest whole number.)