Fund has current assets with market value

Assignment Help Financial Management
Reference no: EM131186357

The World Income Appreciation Fund has current assets with a market value of $11.7 billion, 350 million shares outstanding, and a current market price quotation of $35.08. Calculate the front-end load. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Reference no: EM131186357

Questions Cloud

What is stock price today-required rate of return on stock : John is evaluating a stock that he believes will pay a dividend equal to $2.45 in exactly one year from today. Further, John expects that in addition to the dividend he will be able to sell the stock for the amount $48 per share also one year from to..
What was the fund turnover : A mutual fund sold $75 million of assets during the year and purchased $99 million in assets. If the average daily assets of the fund were $316 million, what was the fund turnover?
Undertake some silvicultural activities to increase yield : You recently purchased some immature timberland that is forty years from being harvested. You expect to get $438/MBF when you harvest the timber. Prior to harvesting, you have two objectives. You hope to come up with a plan to generate some annual re..
Realized return is known as the holding period yield : The YTM on a bond is the interest rate you earn on your investment if interest rates don’t change. If you actually sell the bond before it matures, your realized return is known as the holding period yield (HPY). What price will your bond sell for? W..
Fund has current assets with market value : The World Income Appreciation Fund has current assets with a market value of $11.7 billion, 350 million shares outstanding, and a current market price quotation of $35.08. Calculate the front-end load.
How much will be left over the reserve account : The state of Florida sold a total of $36.1 million worth of lottery tickets at $1 each during the first week of January 2007. As prize money, a total of $41 million will be distributed over the next 21 years ($1,952,381 at the beginning of each year)..
Corporate bonds-what is the current price of the bond : Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of E1,000, 10 years to maturity, and a coupon r..
Risk and uncertainty explicitly considered : In which step of the seven-step systematic economic analysis technique (SEAT) are risk and uncertainty explicitly considered? 1)Specify the discount rate. 2)Perform supplementary analyses. 3)Compare the alternatives. 4)Identify the investment alterna..
Bond is the interest rate you earn on your investment : The YTM on a bond is the interest rate you earn on your investment if interest rates don’t change. If you actually sell the bond before it matures, your realized return is known as the holding period yield (HPY).

Reviews

Write a Review

 

Financial Management Questions & Answers

  Revaluing the chinese yuan

Do you believe that the revaluation of the Chinese yuan's was politically or economically motivated

  What should current rate be on two year treasury securities

One-year Treasury bills currently earn 3.85 percent. You expect that one year from now, 1-year Treasury bill rates will increase to 4.05 percent. The liquidity premium on 2-year securities is 0.10 percent. If the liquidity theory is correct, what sho..

  What are the primary functions served by investment bankers

What are the primary functions served by investment bankers? What are the differences between a direct placement, a public cash offering, and a rights offering of securities?

  Diversifiable and nondiversifiable risks

Diversifiable and nondiversifiable risks. In broad terms, why is some risk diversifiable? Why are some risks nondiversifiable? Does it follow that an investor can control the level of unsystematic risk in a portfolio, but not the level of systematic ..

  What is the estimated value of preferred stock

Several years ago, Rolen Riders issued preferred stock with a stated annual dividend of 10% of its $100 par value. Preferred stock of this type currently yields 7%. Assume dividends are paid annually. What is the estimated value of Rolen's preferred ..

  The annual cash flow is projected

We are examining a new project. We expect to sell 7,600 units per year st $68 net cash flow apiece for the next 10 years. In other words, the annual cash flow is projected to be $68 X 7,600 = $516,800. The relevant discount rate is 14 percent, and th..

  Expiration of such spread for various prices of spot gold

The following three call options on gold, all expiring in three months, sell for: What would be the values at expiration of such a spread for various prices of spot gold?

  The yield to maturity of the bond

A bond has a coupon of 6%. It has a face value of $100. It pays interest semi-annually. The bond was issued on March 18th, 2013. The settlement date is March 21st, 2013. The maturity date is 3/23/2023. The first interest payment is June 18th, 2013. T..

  Considering refinancing my house

I have been considering refinancing my house. To do so, I will need to borrow $250,000. The loan period is 30 years and payments are made monthly. Several months ago I could have gotten a loan at 3% APR, but today the APR is 5.25%. How much additiona..

  Treasury bonds with the same maturity are yielding

A company's 5-year bonds are yielding 8.25% per year. Treasury bonds with the same maturity are yielding 5.2% per year, and the real risk-free rate (r*) is 2.75%. The average inflation premium is 2.05%, and the maturity risk premium is estimated to b..

  Featured in the plot of the raymond chandler novel

The “Brasher doubloon,” which was featured in the plot of the Raymond Chandler novel The High Window, was sold at auction in 2014 for $4,582,500. The coin had a face value of $15 when it was first issued in 1787 and had been previously sold for $430,..

  What is the correlation coefficient

The covariance of the returns between Willow Stock and Sky Diamond Stock og 0.0700. The variance of Willow is 0.2550. and the variance of Sky Diamond is 0.1450. What is the correlation coefficient between the returns of the two stocks?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd