Answered: Which of the following is Considered…

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter15: Mutual And Exchange Traded Funds

Section: Chapter Questions

Problem 2LTAI

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Need ASAP! Determine A) How much is each quarterly sinking fund deposit? B) Calculate the net interest paid in the 6th payment. (Hint: Net interest = Total Payment at time t - Principal Paid at time t) C) Calculate the Sinking Fund Balance immediately after the 6th payment is made.
You deposit the following at the end of each year into a growth mutualfund that earns 11 percent per year:Year Deposit ($)1 4,0002 3,5003 2,5004 2,0005 1,700 ======== $13,700a. How much should the fund be worth at the end of 5 years?b. How much interest have you earned in total?
The general fund has the following transactions for 2022: Issued $1,000,000 face value bonds with a coupon rate of 3%. Made a $100,000 principal payment on the bonds. Made a $25,000 interest payment on the bonds. Accrued interest due in 2023 on the bonds is $5,000. What is the effect of the above transactions on the general fund's fund balance in 2022?
Consider an amount 25,000 in a fund today, October 25, 2022. Determine its value on the specified date and the given interest assumption. A.) On december at 6 3/4% exact simple interest rate p.a. B.) On May 12,2022 at 4 2/5% ordinary simple interest rate p.a
Imagine you have 100,000 worth in a fund today November 15, 2022. Give enough of it on the due date and at the corresponding interest rate.a.) At an effective discount rate of 3.24% on Nov. 15, 2020.b.) At an effective discount rate of 3.24% on Feb. 15, 2024.c.) At an interest rate of 8.4% payable monthly on Sept. 15, 2021.d.) At an discount rate of 3% convertible quarterly on May 15, 2025.
Mutual Fund A charges an annual management fee of 2.38% of money under management. The corresponding management fee for Mutual Fund B is 1.65%.On the same invested amount, what percentage more fees will you pay to Fund A than to Fund B? (Round your answer to 2 decimal places.)Percentage = %
A mutual fund that invests in investment-grade corporate debt with maturities between 3 and 10 years is called a(n) ____________ fund.
An investor has invested 75% of his assets in a money market fund. Generally, what is the investment horizon of such an investment? A) 0 – 1 year. B) 3 – 5 years. C) 5 – 7 years. D) 7 – 10 years.
1. Which of the following is considered as a Cash Equivalent? -Postal money Order -Check -Treasury Bill Issued 1 year ago Acquired and Maturing 3 months from now -Treasury Bill Issued 5 Months Ago , Acquired and Maturing 4 months from now 2. Which of the following is Considered Cash? -Pension Fund -sinking Fund "Bond Attached is 2 year maturity" -Fund to buy PPE for Next Year -Petty Cash Fund 3. Which of the following would result in a Dr to AR? - -Sale of goods under " special order" "Special order is yet to be completed" -Sale with a right of repurchase -Sale of goods under "Consignment" -Sale of goods classified as Trade 4. When inventory is held on consignment it should be? - -Reported as cost of goods sold -Recorded as inventory -Derecognized -Reported as purchase 5. the Following are classified under PPE Except? - -Machinery -All are PPE -Building -Land 6. Which of the following is classified under PAS 16 -…
You manage a pension fund that will provide retired workers with lifetime annuities. You expect a large number of workers to retire in 8 years. You have the following two bonds to invest in and immunize this portfolio. Inputs Bond A Bond B Settlement date 01-01-2020 01-01-2020 Maturity date 01-01-2025 01-01-2040 Coupon rate 0.025 0.0000 Face Value $1,000.00 $1,000.00 Coupons per year 1 1 Obligation Time to Payout 8 Payout $50,000,000 Initial Yield to Maturity 0.0750 Required: Using any necessary data above, calculate the Present value and Macaulay Duration of the obligation. Assume annual payments. Then calculate the Macaulay Duration and the Modified Duration for each bond. Use this information to immunize the portfolio. Then, re-immunize the portfolio 1 year later using the new yield.
A firm deposits some funds in a special account at 4.8% compounded monthly. What effective rate will they earn?
Consider a $100 levered mutual fund that will liquidate in 5 years. The funds capital structure consists of 80% debt and 20% equity. The portoflio is invested in public equities. At the end of the 5th (and final) year, the market value of the public equities is $70. The market value of the funds equity position is most likely: <$0 $0 >$0

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Which of the following is Considered Cash? Pension Fund Sinking Fund "Bond Attached is 2 year maturity" Fund to buy PPE for Next Year Petty Cash Fund