INVESTMENTS (LOOSELEAF) W/CONNECT
11th Edition
ISBN: 9781260465945
Author: Bodie
Publisher: MCG
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Question
Chapter 4, Problem 9PS
Summary Introduction
Adequate information:
Accrued management fees- $ 30,000
Number of share outstanding- 4 million
To compute:
Net asset value for the given fund
Introduction:
Net asset value of the fund is the total of market value of all the investments/assets owned by the fund on a particular date netted off all the liabilities to the outsiders.
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Students have asked these similar questions
Consider a no-load mutual fund with $457 million in assets and 12 million shares at the start of the year, and $520 million in assets and 13.21 million shares at the end of the year. During the year investors have received income distributions of $2.25 per share, and capital gains distributions of $1.57 per share. Assume that the fund carries no debt.
What is the rate of return on the fund?
Group of answer choices
15.33%
13.03%
13.39%
12.31%
11.42%
The composition of the Fingroup Fund portfolio is as follows:
Stock
Shares
Price
A
200000
$35
B
300000
40
C
400000
20
D
600000
25
The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $30,000. There are 4 million shares outstanding. What is the net asset value of the fund?
Consider a no - load mutual fund with $ 500 million in assets , 50 million in debt , and 12 million shares at the start of the year , and $ 600 million in assets , 40 million in debt , and 16 million shares at the end of the year . During the year investors have received income distributions of $ 0.50 per share , and capital gains distributions of $ 0.40 per share . Assuming that the fund carries no debt , and that the total expense ratio is 0.90 % , what is the rate of return on the fund ?
Chapter 4 Solutions
INVESTMENTS (LOOSELEAF) W/CONNECT
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