Transactions in a mutual fund

Assignment Help Financial Management
Reference no: EM13728259

Abe made the following transactions in a mutual fund: The fund paid a dividend of $2 per share

Date Price per share Transaction

January 1st $100 Bought 100 shares

April 1st $150 Bought 50 shares

July 1st $120 Dividend reinvested

September 1st $90 Sold 60 shares

December 31st $100 All shares are sold

on July 1st, which was reinvested in the fund. Assume fractional shares can be bought. Calculate the amount (in dollars) of Abe’s withdrawal on December 31st, and the interest earned during the year.

Reference no: EM13728259

Questions Cloud

Annual sales figure when evaluating this project : Travel America Coaches currently sells 15,000 motor homes per year at $94,000 each, and 1,500 luxury motor coaches per year at $159,000 each. The company wants to introduce a low-range camper to fill out its product line; it hopes to sell 6,000 of th..
Organize sales activities into a specific structure : Electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar - What are two advantages and two disadvantages of ..
What is the current bond price : App Store Co. issued 17-year bonds one year ago at a coupon rate of 6.3 percent. The bonds make semi-annual payments. If the YTM on these bonds is 5.5 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer..
Explain individual personalities and temperaments : Visit the CSU Online Library and locate a minimum of two recent articles on individual personalities and temperaments. Look for articles that discuss how personalities and temperaments affect management styles and/or organizational culture.
Transactions in a mutual fund : Abe made the following transactions in a mutual fund: The fund paid a dividend of $2 per share
Write an essay is based on the sinclair novel : The essay is based on the Sinclair novel, The Jungle. The essay should be 4-5 pages in length, double spaced and typed. Your essay will not be accepted if it contains more than five spelling errors.
Develop an organizational mission statement : Analyze the specific marketplace situation in detail, including organizational strengths, weaknesses, environmental opportunities, and threats (SWOT analysis). Develop an organizational mission statement
Key concern for international companies : Identifying and developing global leaders is a key concern for international companies. Compare and contrast the skills and context of the traditional, national manager with that of the international manager.
Affected by a stock dividend but not by a stock split : Which of the following balance sheet accounts will be affected by a stock dividend but not by a stock split?

Reviews

Write a Review

Financial Management Questions & Answers

  Exchange rates and market rates

What do you call a check that a bank writes on its own account made payable to a third party on your behalf? The FDIC and NCUA insure non-retirement accounts in banks, savings & and loans, and credit unions for up to: Assume the following exchange ra..

  Zero coupon bonds on the market at a price

Atlantis Fisheries issues zero coupon bonds on the market at a price of $364 per bond. Each bond has a face value of $1,000 payable at maturity in 18 years. It is callable in 9 years at a call price of $490.

  Management application to identify records

Physician notified of incomplete records and physician requests incomplete records and access documentation management application to identify records.

  The weighted average cost of capital for a risky

All else constant, the weighted average cost of capital for a risky, levered firm will decrease if:

  Given that you are rolling your services out in a foreign

given that you are rolling your services out in a foreign country there will be a need to learn from other companies

  What are the problems with americarsquos current medical

1.what concepts in the chapter are illustrated in this case? who are the stakeholders in this case?2. what are the

  Suppose the federal reserve increased deposits

Suppose the Federal Reserve increased deposits by $100 billion, but the reserve requirement on all deposits was 100%. What impact would the change in deposits have on the money supply?

  The flexible benefits account

Rosa’s employer has instituted a flexible benefits program. Rosa will use the plan to pay for her daughter’s dental expenses and other medical expenses that are not covered by health insurance. Rosa is in the 28% marginal tax bracket and estimates th..

  Saving for expected retirement

You are saving for your expected retirement at age 68 -- forty-eight years from today. You plan to invest $2,000 per year, in arrears, for the next forty-eight years and earn 5% per year. How much would you have accumulated after making your 48th and..

  What is the approximate real rate of interest

Treasury bills are currently paying 5 percent and the inflation rate is 3.20 percent. What is the approximate real rate of interest?

  What is the expected return on the mutual fund

Consider the following capital market: a risk-free asset yielding 0.75% per year and a mutual fund consisting of 70% stocks and 30% bonds. The expected return on stocks is 10.75% per year and the expected return on bonds is 3.25% per year. What is th..

  State the expected return on an investment in duncan''s stock

The Duncan Company's stock is currently selling for $15. People generally expect its price to rise to $18 by the end of next year. They also expect that it will pay a dividend of $0.50 per share during the year. What is the expected return on an i..

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