You purchase a mutual fund at an offer price of $11.77 per share. If the net asset value is $11.28, find the sale charge percent. Round to the nearest tenth.  %

Q: Lee Ray bought 250 shares of a mutual fund with an NAV of $13.85. This fund also has a load charge…

A: Shares are the units of the capital of a corporation that represents the equity ownership of the…

Q: On February 9, 2020, the market value of the investments contained in the All Star Stock Fund, a…

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

Q: An investor buys shares in a mutual fund for $20. At the end of the year the fund distributes a…

A: Introduction Mutual Funds:  A mutual fund is a type of financial vehicle that invests in securities…

Q: A mutual fund has an offer price of $14.02. If you invested a lump sum of $16,000, how many shares…

A: No of shares purchased Amount invested/offer price

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: A mutual fund has total assets of $45,000,000 and total liabilities of $4,000,000. There are…

A: Solution:- Net Asset Value (NAV) of mutual fund means per unit net value of each unit. NAV = (Total…

Q: Mutual funds charge their clients an “expense ratio” for managing yourfunds. A 1.5% annual expense…

A: The future value is the future worth of cash flow at a certain rate of interest after a certain…

Q: A mutual fund has an offer price of $14.06. If you invested a lump sum of $14,000, how many shares…

A: The mutual fund represents the fund that is invested in various commodities in the market i.e.,…

Q: A mutual fund has total assets of $40,000,000 and total liabilities of $3,000,000. There are…

A: Net asset value of the mutual fund = (Total assets - total liabilities) / no. of shares outstanding…

Q: An investor purchases a mutual fund share for $100.2. The fund pays dividends of $2.2, distributes a…

A: Purchase price (P0) = $ 100.2 Dividend (D) = $ 2.2 Capital gain (CG) = $ 1.1 Fees charges (F) = $ 3…

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: A mutual fund has an offer price of $14.06. If you invested a lump sum of $18,000, how many shares…

A: Offer price is $14.06 Invested lumpsum amount is $18,000 To Find: Number of shares Purchased

Q: A mutual fund has total assets of $50,000,000 and total liabilities of $5,000,000. There are…

A: Here, Total Assets is $50,000,000 Total Liabilities is $5,000,000 Shares Outstanding is 1,900,000…

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:

Q: Find the net asset value of the mutual fund.

A: Net assets value (NAV) is defined as the per-share value of total assets less liabilities. The…

Q: If a mutual fund's net asset value is $23.70 and the fund sells its shares for $25.30, what is the…

A: NAV = $23.70 Selling Value =$25.30

Q: mutual fund has an offer price of $14.06. If you invested a lump sum of $14,000, how many shares did…

A: Offer price = $14.06 Investment = $14000

Q: A mutual fund has an offer price of $14.04. If you invested a lump sum of $14,000, how many shares…

A: In this question we need to calculate the number of shares purchased.

Q: An investor buys shares in a mutual fund for $21. At the end of the year the fund distributes a…

A: The return on investment would be considered the value from the investment made by investors. The…

Q: Suppose that at the beginning of 2004 you invested $10,000 in the Stivers mutual fund and $5000 in…

A: Mutual Fund(MF) is an Investment Avenue where lots of people pool their funds which are invested by…

Q: Suppose you are the money manager of a $4.07 million investment fund. The fund consists of four…

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

Q: You purchase a mutual fund at an offer price of $11.77 per share. If the net asset value is $11.28,…

A: Mutual fund is the fund that includes small amounts from a large number of investors, which is then…

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: You purchase a mutual fund at an offer price of $15.79 per share. If the net asset value is $15.28,…

A: Sales change percentage = 3.23 %

Q: Suppose you are the money manager of a $3.84 million investment fund. The fund consists of four…

A: Here, Total investment fund = $3.84 million Market's required rate of return = 9% Risk-free rate =…

Q: Lee Ray bought 210 shares of a mutual fund with a NAV of $12.85. This fund also has a load charge of…

A: a)  Computation:

Q: David Nash has $100,000 to invest in a mutual fund.a. How many shares can he purchase in a no-load…

A: Mutual fund companies collect funds from investors and create a fund pool which invests in…

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: What is the total percent return on the beginning net asset value?

A: The stock return is the change in the price of an investment. It includes the payment of dividend…

Q: Find the following for the indicated mutual fund when the given number of shares is bought and sold…

A: Return refers to the ratio of total return and shares purchase price. Total return refers to the…

Q: A mutual fund has an offer price of $14.02. If you invested a lump sum of $16,000, how many shares…

A: Mutual fund is kind of scheme or service through which many investors can invest their amount in…

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: An investor buys shares in a mutual fund for $22. At the end of the year the fund distributes a…

A: Percentage return on the investment is dividend plus capital gain divided by purchased price.

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: Find the following for the indicated mutual fund when the given number of shares is bought and sold…

A: With the investment into certain securities, it is expected that the value over the period of time…

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 mutual fund has total assets of $30,000,000 and total liabilities of $100,000. There are 4,500,000…

A: Information Provided: Total assets = $30,000,000 Total liabilities = $100,000 Shares outstanding =…

Q: A mutual fund has total assets of 40,000,000 and total liabilities of 5,000,000. There are…

A: Net Asset Value of Mutual fund = (total assets - total liabilities) / shares outstanding

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: The Wildwood Fund sells Class A shares with a front-end load of 3.5% and annual operating expenses…

A: Question is based on the concept of Mutual fund

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

A: Net asset value (NAV) is the value of net assets of the company. The net assets value is determined…

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: A mutual fund has 150 shares of Apple Computer trading at $170 per share, 100 shares of Tesla…

A: Under stock market, there are numerous types of investment one can have. These investments can be…

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…