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?

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

A: The Holding period returns: The returns earned on an asset between the time it was purchased and…

Q: An investor has $75,000 to invest in a CD and a mutual fund. The CD yields 7% and the mutual fund…

A: Amount to be invested =$ 75,000 Let x be the amount to be invested in CD , then amount to be…

Q: The composition of the Fingroup Fund portfolio is as follows:   Stock Shares Price A   200,000   $…

A: PORTFOLIO TURNOVER RATE FORMULA: Portfolio turnover =minmum of sold or purchasesNAV

Q: The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 200000 $35…

A: With the given information, we can determine the net asset value as follows:

Q: The composition of the Fingroup Fund portfolio is as follows: Stocks Shares Price 200,000 Php 35 B…

A: The Net Asset Value is the amount which a unit holder would received if the mutual fund is…

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: Suppose you are the money manager of a $5.04 million investment fund. The fund consists of four…

A: First we need to find beta of the portfolio  Then expected return is equal to risk free rate plus…

Q: A hedge fund with net asset value of $54 per share currently has a high water mark of $57. Suppose…

A: In terms of finance, hedge funds can be defined as a form of pool investment vehicle which trades in…

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

A: …

Q: A hedge fund with $1 billion of assets charges a management fee of 2% and an incentive fee of 20% of…

A: A strategy through which the potential loss reduces that occurs from the movement of the asset's…

Q: City Street Fund has a portfolio of $450 million and liabilities of $10 million.a. If 44 million…

A: Part (a): Answer: Net asset value is $10

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: The offering price of an open-end fund is $19.70 per share and the fund is sold with a front-end…

A: Offering price is the price at which securities are offered to general public through underwriters.…

Q: portfolio

A: Formula to calculate the portfolio turnover rate is: Portfolio turnover rate = Value of assets sold…

Q: Reconsider the Fingroup Fund in the previous problem. If during the year the portfolio manager sells…

A: Answer -    Portfolio Turnover Rate -  Value of Assets Sold/ Replaced / Total Assets Value

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: A hedge fund with $1 billion of assets charges a management fee of 2% and an incentive fee of 20% of…

A: Given information in question Fund value                  =          $1 billion Management fee…

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: A mutual fund has a portfolio worth $3.2 million consisting of 50,000 shares of company "A" at a…

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

Q: Suppose you are the money manager of a $4.98 million investment fund. The fund consists of four…

A: We need to calculate required rate of return by using CAPM below Required rate of return =Risk free…

Q: Acme Mutual Fund Company offers a high- yield fund with two investment classes. The fund charges a…

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

Q: Calculate the required rate of return for the Wagner Assets Management Group, which holds 4 stocks.…

A: The question is based on the concept of portfolio  return by use of capital asset pricing model.…

Q: If the offering price of an open-end fund is $12.30 per share and the fund is sold with a front-end…

A: Front – end load is 5%, therefore net asset value (NAV) is 95% (100%-5% = 95%) of the offering…

Q: A year​ ago, the Very Large Growth Fund was being quoted at an NAV of ​$21.18and an offer price of…

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: Please show working   Please answer ALL OF QUESTIONS 1 AND 2   1. Suppose you are the money…

A: Beta of the portfolio is weighted average beta of individual stock Therefore portfolio beta = 0.8035

Q: Suppose you are the money manager of a $4.92 million investment fund. The fund consists of four…

A: Calculation of portfolio beta

Q: A hedge fund with $25 million of assets under management has a standard 2/20 fee structure and earns…

A: Hedge fund can be defined as the investment fund that requires pooled investment and trades in…

Q: A hedge fund charges a management fee of 3 percent and an incentive fee of 25 percent for all…

A: Hedge funds are actively managed investment pools whose managers employ a variety of tactics, such…

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: 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: 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: Consider a no - load mutual fund with $ 500 million in assets , 50 million in debt , and 12 million…

A: Solution detail at the start of the year asset $500 million Solution Step (1) Debt $50 million Share…

Q: The Retired Fund is an open-ended mutual fund composed of $500 million in U.S. bonds and U.S.…

A: The steps are taken as an independent reorganization of the market timing effects and decisions…

Q: Suppose you are the money manager of a $4.94 million investment fund. The fund consists of four…

A: The capital asset pricing model (CAPM) refers to the model which tells us how the financial markets…

Q: If you desire to forecast performance of a mutual fund for next year, the best forecast will be…

A: Geometric average of return is the method which helps to forcast the expected returns and assess 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: 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: Suppose you are the money manager of a $4.86 million investment fund. The fund consists of four…

A: Market return = 11% Risk free rate = 6%

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

Q: The Global Growth Fund is a load fund with a 5 percent front load fee. It started the year with a…

A: Start Net Asset Value (NAV) = $16.60 End Net Asset Value (NAV) = $18.25 Fund distributed = $1.25…