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- 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?The file MutualFunds contains a data set with information for 45 mutual funds that are part of the Morningstar Funds 500. The data set includes the following five variables: Fund Type: The type of fund, labeled DE (Domestic Equity), IE (International Equity), and FI (Fixed Income) Net Asset Value (): The closing price per share Five-Year Average Return (%): The average annual return for the fund over the past five years Expense Ratio (%): The percentage of assets deducted each fiscal year for fund expenses Morningstar Rank: The risk adjusted star rating for each fund; Morningstar ranks go from a low of 1 Star to a high of 5 Stars. a. Prepare a PivotTable that gives the frequency count of the data by Fund Type (rows) and the five-year average annual return (columns). Use classes of 09.99, 1019.99, 2029.99, 3039.99, 4049.99, and 5059.99 for the Five-Year Average Return (%). b. What conclusions can you draw about the fund type and the average return over the past five years?Julie Martin is investing $37,000 in the Invesco Charter mutual fund. The fund charges a 5.50 percent commission when shares are purchased. Calculate the amount of commission Julie must pay.
- Compute the total and annual returns on the following investment. Nine years after purchasing shares in a mutual fund for $7000 , the shares are sold for $11,400 .over a four-year period, matt purchased shares in the barreau du quebec canadian equity fund. using the following information, answer the following questions. year investment amount price per share 2004 $3,000 $40 per share 2005 $3,000 $50 per share 2006 $3,000 $60 per share 2007 $3,000 $45 per share a at the end of four years, what is the total amount invested? what is the total number of mutual fund shares, and the aqverage cost of each mutual fund shares?On January 1st, 2019, a mutual fund raised $24,000 by issuing 1,000 shares and invested the proceeds in 80 shares of Alpha Inc. @ $80, 200 shares of Beta Inc. @ $43 and 300 shares of Gamma Inc. @ $18. On December 31st, 2019, Alpha, Beta, and Gamma stock prices were $82, $35, and $22, respectively. There was a 5-for-2 stock split in Beta stock on September 15th, 2019. What is the NAV per share on December 31st, 2019?
- 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. $17.46Over a four-year period, LaKeisha Thompson purchased shares in the Oakmark Investor Class Fund. Using dollar cost averaging, calculate the number of shares before completing this problem. (Round your answers to the nearest whole number.) Year Investment Amount Price per Share Number of SharesFebruary 2017 $1,400 $53.00 February 2018 $1,400 $ 34.00 February 2019 $1,400 $47.40 February 2020 $1,400 $55.00 a. At the end of four years, what is the total amount invested? b. At the end of four years, what is the total number of shares purchased? (Round your intermediate calculations and final answer to the nearest whole number.) c. At the end of four years, what is the average cost for each share? (RoundYou 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 year ago, Kim Altman purchased 190 shares of BLK, Inc. for $27.00 on margin. At that time the margin requirement was 60 percent. If the interest rate on borrowed funds was 6 percent and she sold the stock for $35.50, what is the percentage return on the funds she invested in the stock? Round your answer to two decimal places. %b. Mr. Ahmed recently purchased 100 shares of Green Isle mutual fund at a net asset value of $39 per share. During the year MrAhmed received dividend income distributions of $2.00per share and capital gains distributions of $4.00per share. At the end of the year the mutual fund had 13,000,000 shares outstanding, assets of $550,000,000 and liabilities of $30,000,000. What was Ahmed's rate of return on this investment? Please solve with workingSeth invested $20,000 in Series EE savings bond on April 1. By December 31st, the published redemption value of the bonds had increased $20,700. How much interest income with Seth report from savings bonds in the current year absent any special election?
