A mutual fund has total assets of $40,000,000 and total liabilities of $3,000,000. There are 1,800,000 shares outstanding. Find the net asset value of the mutual fund. (Round your answer to the nearest cent.)

A mutual fund has total assets of $40,000,000 and total liabilities of $3,000,000. There are 1,800,000 shares outstanding. Find the net asset value of the mutual fund. (Round your answer to the nearest cent.)

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter2: Descriptive Statistics

Section: Chapter Questions

Problem 17P: Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual...

See similar textbooks

Related questions

Q: An investor buys shares in a mutual fund for $20. At the end of the year the fund distributes a…

A: Introduction Mutual Funds: A mutual fund is a type of financial vehicle that invests in securities…

Q: A mutual fund has total assets of $11 million and total liabilities of $5 million. There are 2…

A: Net assets of mutual fund = Total assets - Total liabilities. In mutual fund we call shares/units.

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

Q: What is the total gain of the company if the mutual fund’s net asset value is at P30 and the fund…

A: The process where a large amount of money is received from various interested investors, Once the…

Q: You purchased 1,000 shares of the New Fund at a price of $20 per share at the beginning of the year.…

A: Given information in question: - Number of share purchase = 1000 Front end…

Q: A mutual fund has total assets of $13 million and total liabilities of $5 million. There are 4…

A: NAV of mutual funds = (Assets - liabilties)/shares outstanding

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: Mutual funds charge their clients an “expense ratio” for managing yourfunds. A 1.5% annual expense…

A: The future value is the future worth of cash flow at a certain rate of interest after a certain…

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: 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 $500 million worth of stock, $400,000 in cash, and $2 million in other assets. The…

A: Total fund assets- Stock= $500 million Cash= $400,000 Other assets= $2 million Fund's total…

Q: A mutual fund has 1,774 shares of General Electric, currently trading at $22, and 1,581 shares of…

A: The NAV of mutual fund is calculated as assets divided by the number of units

Q: An investor purchases a mutual fund share for $100.2. The fund pays dividends of $2.2, distributes a…

A: Purchase price (P0) = $ 100.2 Dividend (D) = $ 2.2 Capital gain (CG) = $ 1.1 Fees charges (F) = $ 3…

Q: A mutual fund has total assets of $35,000,000 $5,000,000. There are 1,200,000 shares and total…

A: Total assets = $35,000,000 Total liabilities = $ 5,000,000 Number of shares = 1,200,00

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: Find the net asset value of the mutual fund.

A: Net assets value (NAV) is defined as the per-share value of total assets less liabilities. The…

Q: You are given the the information below on a mutual fund. What is the arithmetic average? Year 1…

A: A compound average return on stock each year is known as the 1-year return of that stock.

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: You purchased 1,000 shares of the New fund at a price of GHS20 per share at the beginning of the…

Q: An investor buys shares in a mutual fund for $21. At the end of the year the fund distributes a…

A: The return on investment would be considered the value from the investment made by investors. The…

Q: An investor purchases a mutual fund for $60. The fund pays dividends of $1.20, distributes a capital…

A: A mutual fund is a company that pools money from many investors and invests the money in securities.

Q: The aqua liquid money market mutual fund has nav $1 per share. During the year asset held by the…

A: Mutual Fund NAV is $1 per share Invested amount is $30,000 (start of the year) Fund appreciation…

Q: A mutual fund had average daily assets of $4.0 billion in 2016. The fund sold $1.5 billion worth of…

A: Fund's Turnover Ratio = Stock Sold / Average daily assets

Q: over a four-year period, matt purchased shares in the barreau du quebec canadian equity fund. using…

A: Given information: Year Amount Invested in mutual funds Price per share 2004 $…

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: Twelve months ago, you purchased the shares of a no-load mutual fund for $22.05 per share. The fund…

A: If the sum of value increased plus gain plus cash dividend is divided by the purchase value, here…

Q: Suppose ABC Mutual Fund had no liabilities and owned only four stocks as follows: Stock…

A: Given information: Stock Shares Price Market Value W 1,000 $12 $12,000 X…

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: 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: Tom had 300 shares of the XYZ Fund on January 1. The shares had a value of GHS23. During the year,…

A: In this question one needs to find the holding period return. Holding period return is the return…

Q: A mutual fund has an offer price of $14.02. If you invested a lump sum of $16,000, how many shares…

A: Mutual fund is kind of scheme or service through which many investors can invest their amount in…

Q: At the end of yesterday mutual fund XYZ had $7 million in cash, $350 million in securities and 61…

A: The NAV of the fund is also called the net asset value per unit. It is calculated as the net worth…

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: 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: 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: A mutual fund has $400 million worth of stock, $500,000 in cash, and $1 million in other assets. The…

A: Mutual funds refer to one type of financial vehicle that pools money from many investors and invests…

Q: A mutual fund has total assets of $30,000,000 and total liabilities of $100,000. There are 4,500,000…

A: Information Provided: Total assets = $30,000,000 Total liabilities = $100,000 Shares outstanding =…

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: Devon invested S17,000 in three different mutual funds. A fund containing large cap stocks made a…

A: Let a be the amount invested in large-cap stocks Let b be the amount invested in the real estate…

Q: A mutual fund has total assets of 40,000,000 and total liabilities of 5,000,000. There are…

A: Net Asset Value of Mutual fund = (total assets - total liabilities) / 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 total assets of $13 million in total liabilities of $3 million. There are 2…

A: Given information Total Assets =$13million Total liabilities = $3million Number of Shares…

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…

Q: If a mutual fund's net asset value is $23.60 and the fund sells its shares for $25.30, what is the…

A: Load fee = fund sell price - NAV Load fee = $ 25.30 -$23.60 Load fee = $1.70

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual fund. The value of each investment at the end of each subsequent year is provided in the table: Which of the two mutual funds performed better over this time period?
A mutual fund has total assets of $30,000,000 and total liabilities of $100,000. There are 4,500,000 shares outstanding. Find the net asset value of the mutual fund to the nearest cent, if necessary.
A mutual fund has total assets of $35,000,000 and total liabilities of $4,000,000. There are 2,000,000 shares outstanding. Find the net asset value of the mutual fund.
A mutual fund has assets of $50 million and liabilities of $150000 and 1 million shares outstanding.What Is the net asset value for the fund?Enter your answer to the nearest cent( two decimal places)
A mutual fund has total assets of $39,333,444 and liabilities of $6,753,789. If there are 11,521,000 sharesoutstanding, what is the net asset value of the fund? $3.02 $3.85 $2.83 $2.16
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.
A mutual fund had year-end assets of $250,000,000 and liabilities of $4,000,000. There were 3,750,000 shares in the fund at year end. What was the mutual fund's net asset value? A. $63.24 B. $67.39 C. $65.60 D. $92.53 E. $17.46
A mutual fund has assets of $50 million, liabilities of $150000 million and 1 million shares what is the net asset value(NAV) of the fund?Enter the answer to the nearest cent(two decimals)
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. $
Suppose you own a mutual fund that has 10,311,515 shares outstanding. If its total assets are $36,600,019 and its liabilities are $12,350,624, find the net asset value of the fund.
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.)
A mutual fund has total assets of $13 million and total liabilities of $5 million. There are 4 million shares outstanding. You invest $7000 in this fund. How many shares are you purchasing?