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)
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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)
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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.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?
- Twelve months ago, you purchased the shares of a no-load mutual fund for $22.05 per share. The fund distributed cash dividends of $0.70 and capital gains of $1.30 per share. If the net asset value of the fund is currently $24.45, what was your annual return on the investment? Round your answer to two decimal places. % If the value of the shares had been $21.14, what would have been your annual return? Round your answer to two decimal places. %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 If a mutual fund's net asset value is $23.30 and the fund sells its shares for $25.00, what is the load fee as a percentage of the net asset value? Round your answer to two decimal places.....%
- You invest in a mutual fund that charges a 3% front-end load, 1% total annual fees, and a 0% back-end load on Class A shares. The same fund charges a 0% front-end load, 1% total annual fees, and a 2% back-end load on Class B shares. What are the total fees in year 1 on a Class B investment of $20,000 if you redeem shares with no growth in value? $600 $902 $596 $885Suppose 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?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. ___________________%
- 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.)An investor buys shares in a mutual fund for $20. At the end of the year the fund distributes a dividend of $0.67, and after the distribution the net asset value of a share is $24.57. What is the investor's percentage return on the investment? Round your answer to two decimal places. %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?