Q.17New Section 1 Page 1The Stable Utility Fund has an offering price of $54.11 and an NAV of $52.48. What is the front-end load percentage?A) 3.0 percentB) 3.1 percentC) 3.5 percentD) 3.8 percentE) 4.0 percent Q.10The Profitability Fund had NAV per share of $17.50 on January 1, 2016. On December 31 of thesame year, the fund's NAV was $19.47. Income distributions were $0.75, and the fund hadcapital gain distributions of $1.00. Without considering taxes and transactions costs, what rateof return did an investor receive on the Profitability Fund last year?A. 11.26%B. 15.54%C. 16.97%D. 21.26%E. 9.83%

NAV =$52.48 Offering price =$54.11

Answered: The Stable Utility Fund has an offering…

The Stable Utility Fund has an offering price of $54.11 and an NAV of $52.48. What is the front- end load percentage? A) 3.0 percent B) 3.1 percent C) 3.5 percent D) 3.8 percent E) 4.0 percent

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)

6th Edition

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Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 7FPE

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Question

Q.17
New Section 1 Page 1
The Stable Utility Fund has an offering price of $54.11 and an NAV of $52.48. What is the front-
end load percentage?
A) 3.0 percent
B) 3.1 percent
C) 3.5 percent
D) 3.8 percent
E) 4.0 percent

Q.10
The Profitability Fund had NAV per share of $17.50 on January 1, 2016. On December 31 of the
same year, the fund's NAV was $19.47. Income distributions were $0.75, and the fund had
capital gain distributions of $1.00. Without considering taxes and transactions costs, what rate
of return did an investor receive on the Profitability Fund last year?
A. 11.26%
B. 15.54%
C. 16.97%
D. 21.26%
E. 9.83%

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