The Closed Fund is a closed-end investment company with a portfolio currently worth $170 million. It has liabilities of $6 million and 9 million shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places.) b. If the fund sells for $20 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.)

Q: A year​ ago, an investor bought 400 shares of a mutual fund at ​$7.52 per share. This​ year, the…

A: Given: Particulars Amount Number of shares 400 Price per share $7.52 Dividend $0.77…

Q: A year ago, the Really Big Growth Fund was being quoted at an NTA of $21.50 and an offer price of…

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A: Market Value of the mutual fund = $21,200,000 Liabilities for the fund = $2,544,000 Net Asset Value…

Q: On October 24, 2020, the market value of the investments contained in the Global Investment Fund, a…

A: The net value per share (NVPS) represents the worth of one share or one fund. The net value per…

Q: A mutual fund has assets of $50 million and liabilities of $150000 and 1 million shares…

A: Net Asset Value shows the market value per share of the mutual fund. It is most commonly used in the…

Q: Consider a mutual fund with $ 400 million in assets at the start of the year , and 12 million shares…

A: NAV = Mutual fund value / Outstanding share   Return = [ NAV1 - NAV0 + Income Distributions +…

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 have $16,000 to invest in a mutual fund with an NAV = $45. You choose a fund with a 4 percent…

A: Rate of return is the annual income generated from the investment expressed in percentage terms.

Q: Consider a no-load mutual fund with $457 million in assets and 12 million shares at the start of the…

A: The question is based on the concept of mutual fund

Q: Assume a fund has securities worth ₱140 million, liabilities of ₱5 million, 10 million shares…

A:

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: An investor is considering two mutual funds. Fund A has a 5.75 percent front-end load and a 1.25…

A: An investment fund is a managed fund that collects capital funds from individual investors and…

Q: You have $15,000 to invest in a mutual fund. You choose a fund with a 3.5 percent front load, a 1.75…

A: The net annual rate of return is providing information that with the security investment, what…

Q: )The twenty-first century closed-end fund has GHS350 million in securities, GHS8 million in…

A: Net Asset Value: It is the total sum of total assets less total liabilities divided by total…

Q: Calculate the NAV for a mutual fund with the following​ values:   Market value of securities held in…

A: The formula to compute net asset value as follows:

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A: In finance, the term "portfolio" represents a collection of different investment securities such as…

Q: Suppose a mutal fund has total assets of $25500000 and liabilities of 2100000. Currently there are…

A: Given data; total assets = $25,500,000  Labilities = $ 2,100,000 shares outstanding = 10,200,000

Q: Suppose that you initially invested $10,000 in the Stivers mutual fund and $5,000 in theTrippi…

A: Holding Period Return = (Value at end - Investment)/Investment Holding Period Return =…

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.

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A: Here, Details of Class A shares is as follows: Front End Load is 3% 12b-1 fee is 0.25% Management…

Q: The Closed Fund is a closed-end investment company with a portfolio currently worth $200 million. It…

A: Part (a): Answer: Net asset value is $39.4

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A: Investors invest their funds to get some return. Return means earn additional amount on invested…

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: If there were a 3​% load on this​ fund, what would your rate of return​ be?

A: Annual percentage rate (APR) or rate of return refers to the simple rate of interest which is…

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A: Net asset value (NAV) is a method that helps to evaluate the value of a company. It also provides…

Q: The Damon Investment Company manages a mutual fund composed mostly of speculative stocks. You…

A:

Q: Suppose that at the beginning of 2004 you invested $l0,000 in the Stivers mutual fund and $5000 in…

A: The value of each investment during the each year is given below:

Q: Suppose you own a mutual fund which has 13,000,000 shares outstanding. If its total assets are…

A: Calculation of net asset value of the fund as follows under:-

Q: Suppose you own a mutual fund which has 19,000,000 shares outstanding. If its total assets are…

A: Given: Shares outstanding = 19,000,000 Total assets = $36,000,000 Liabilities = $5,000,000

Q: Samantha is the money manager of a R4 000 000 investment fund. The fund consists of four shares with…

A: Given, Market required return (Rm)= 14% Risk-free rate (Rf) = 6% CAPM: The capital asset pricing…

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: The Swadhinota open end mutual fund is being sold for Tk.47.85 per share. The fund includes Tk.540…

A: Fund NAV = (Securities & Assets Owned by funds - Fund Liabilities) / Number of shares…

Q: A year ago, an investor bought 200 shares of a mutual fund at $7.58 per share. This year, the fund…

A: Here, No. of Shares Purchased is 200 shares Purchase Price per share is $7.58 Dividend per Share is…

Q: 1)The twenty-first century closed-end fund has GHS350 million in securities, GHS8 million in…

A: “Since you have asked multiple questions, we will solve the one question for you. If you want any…

Q: f the market's required rate of return is 11% and the risk-free rate is 5%, what is the fund's…

A: Portfolio Beta is a measure of the overall systematic risk of a portfolio of investments. It equals…

Q: The Stone Harbor Fund is a closed-end investment company with a portfolio currently worth $1…

A: Net Asset Value is defined as the value of the assets of entity and minus the liabilities value,…

Q: what is the load fee as a percentage of the net asset value? Round your answer to two decimal…

A: Mutual Funds Corporation charges load fees when investors buy shares from the funds. Load fee is the…

Q: Suppose you own a mutual fund which has 13,000,000 shares outstanding. If its total assets are…

A: Net asset value of the fund is the value of each unit in the fund. It is calculated by dividing the…

Q: Consider a no-load mutual fund with $457 million in assets and 12 million shares at the start of the…

A: The term net asset value or NAV is the price per share of the securities of the mutual funds that…

Q: A pension fund is investing $60 million in a well-diversified equity portfolio E and $30 million in…

A: Once the fund has made the new investment, the portfolio value = E + B + C = 60 + 30 + 10 = 100 The…

Q: NAV

A: Formula to calculate premium or discount as a % of NAV is: Premium = (Price - NAV)/NAV To calculate…

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: Net asset value (NAV) of an investment fund is calculated as total portfolio value divided by number…

A: To calculate net asset value of mutual fund we have to calculate sum of current value of T-bill ,…

Q: Suppose you own a mutual fund which has 11,000,000 shares outstanding. If its total assets are…

A: GIVEN, ASSET = $44,000,000 LIABILITES= $7000,000 SHARES = 11,000,000

Q: Twelve months ago, you purchased the shares of a no-load mutual fund for $22.35 per share. The fund…

A: Given in the question, The purchase price of the share =  $22.35 per share  Cash dividends = $0.70…