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If the offering price of an open-end fund is $12.30 per share and the fund is sold with a front-end load of 5%, what is its net asset value?
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- An open-end fund has a net asset value of $10.70 per share. It is sold with a front-end load of 6%. What is the offering price?The Closed Fund is a closed-end investment company with a portfolio currently worth $200 million. It has liabilities of $3 million and 5 million shares outstanding.a. What is the NAV of the fund?b. If the fund sells for $36 per share, what is its premium or discount as a percent of net asset value?The Closed Fund is a closed-end investment company with a portfolio currently worth $245 million. It has liabilities of $12 million and 17 million shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places.) b. If the fund sells for $10 per share, what is its premium or discount as a percent of net asset value? (Input the amount as a positive value. Round your answer to 2 decimal places.)
- The Stone Harbor Fund is a closed-end investment company with a portfolio currently worth $450 million. It has liabilities of $4 million and 8 million shares outstanding. If the fund sells for $53 a share, what is its premium or discount as a percent of NAV? Multiple ChoiceConsider a no-load mutual fund with $200 million in assets and 11 million shares at the start of the year, and $410 million in assets and 14 million shares at the end of the year. Investors have received income distributions of $4 per share, and capital gains distributions of $0.70 per share. Assuming that the fund carries no debt, and that the total expense ratio is 1%, what is the rate of return on the fund? Multiple Choice O. 85.31% O 33.61% O. 70.00% O. There is not sufficient information to answer this questionA closed-end fund starts the year with a net asset value of OMR10. By year end, NAV equals OMR10.10. At the beginning of the year, the fund was selling at a 3% premium to NAV. By the end of the year, the fund is selling at a 6% discount to NAV. The fund paid year end distributions of income and capital gains of OMR2.50. What is the rate of return to an investor in the fund during the year?
- The Argentina Fund has $325 million in assets and sells at a discount of 4.9 percent to NAV. If the quoted share price for this closed-end fund is $16.02, how many shares are outstanding? (Do not round intermediate calculations. Round your answer to the nearest whole number.)If a mutual fund's net asset value is $23.60 and the fund sells its shares for $25.30, what is the load fee as a percentage of the net asset value?A closed-end fund starts the year with a net asset value of $12.00. By year-end, NAV equals $12.10. At the beginning of the year, the fund was selling at a 2% premium to NAV. By the end of the year, the fund is selling at a 7% discount to NAV. The fund paid year-end distributions of income and capital gains of $1.50.a. What is the rate of return to an investor in the fund during the year?b. What would have been the rate of return to an investor who held the same securities as the fund manager during the year?
- A VC firm is considering two different structures for its new $250M fund. Both structures would have management fees of 2 percent per year (on committed capital) for all 10 years. Under Structure I, the fund would receive a 25 percent carry with a basis of all committed capital. Under Structure II, the fund would receive a 20 percent carry with a basis of all investment capital. For a given amount of (total) exit proceeds $Z, solve for the amount of carried interest under both structures.A VC firm is considering two different structures for its new $100M fund. Both structures would have management fees of 2.5 percent per year (on committed capital) for all ten years. Under Structure I, the fund would receive a 25 percent carry with a basis of all committed capital. Under Structure II, the fund would receive a 20 percent carry with a basis of all investment capital. For what amount of exit proceeds would these two structures yield the same amount of carried interest?The Swadhinota open end mutual fund is being sold for Tk.47.85 per share. The fund includes Tk.540 million in securities, Tk.50 million in liabilities and 12 million shares outstanding. a. Is the fund charging any load? If so, how much is the amount of the load. b. By what percentage of the NAV should the price of the fund rise or fall for the fund to break even with the purchase value?