User Account

All Pages

What is the net asset value for this mutual fund

Assignment Help Financial Management
Reference no: EM131010428

QUESTION 1

The World Income Appreciation Fund has current assets with a market value of $4.8 billion and has 130 million shares outstanding. What is the net asset value (NAV) for this mutual fund?

QUESTION 2

The Madura HiGro Fund has a net asset value of $50 per share. It charges a 3.8 percent load. How much will you pay for 200 shares?

QUESTION 3

The World Income Appreciation Fund has current assets with a market value of $4.5 billion and has 130 million shares outstanding. The fund has a current market price quotation of $35.31. What is the front-end load in percentages?

QUESTION 4

You are going to invest in a stock mutual fund with a 6 percent front-end load and a 1.4 percent expense ratio. You also can invest in a money market mutual fund with a 6 percent return and an expense ratio of 0.3 percent. If you plan to keep your investment for 2 years, what annual percentage return must the stock mutual fund earn to exceed an investment in the money market fund?

QUESTION 5

You invested $10,000 in a mutual fund at the beginning of the year when the NAV was $41.03. At the end of the year the fund paid $0.34 in short-term distributions and $1.21 in long-term distributions. If the NAV of the fund at the end of the year was $43.43, what was your return for the year?

QUESTION 6

A closed-end fund has total assets of $330 million and liabilities of $800,000. Currently, 20 million shares are outstanding. If the shares currently sell for $16.74, what is the percentage premium or discount on the fund? (Note: Enter premium as a positive number and a discount as a negative number.)

Reference no: EM131010428

Questions Cloud

Calculate the corporations tax liability : Sales for L.B. Merielle Inc. during the past year announced to 5.05 million. The firm provides parts and supplies for oil field service companies. Gross profits for the year were 3.05 million. Operating expenses totaled 1.12 million. The interest inc..
Corporation tax liability by corporate tax rate structure : The William B. Waugh Corporation is a regional Toyota dealer. The firm sells new and used trucks and I actively involved in the parts business. During the most recent year, the company generated sales of 3.07 million. Calculate the corporation’s tax ..
Impact that ethical practices have on persuasion : You should choose an effective example to clearly illustrate your viewpoints such as a current event issue or personal experience.
You have accumulated some money for your retirement : You have accumulated some money for your retirement. You are going to withdraw $87,479 every year at the end of the year for the next 20 years. How much money have you accumulated for your retirement? Your account pays you 3.55 percent per year, comp..
What is the net asset value for this mutual fund : The World Income Appreciation Fund has current assets with a market value of $4.8 billion and has 130 million shares outstanding. What is the net asset value (NAV) for this mutual fund? The World Income Appreciation Fund has current assets with a mar..
Estimate the probability that a newborn baby is male : Use the given information to estimate the probability that a newborn baby is male, given that the ultrasound predicted the baby would be male.
Calculate the first ten terms of the resulting sequence : Calculate the first ten terms of the resulting sequence starting from x1 = 0.5. Find all equilibrium solutions. What do you notice about how rapidly the allele disappears?
How much does she need to place in a savings account : Camilia plans to go for vacation to Australia in 5 years from now. She estimates that she will need 29,349 for the trip. How much does she need to place in a savings account today that earns 4.16% per year (compounded quarterly) to accumulate this am..
What is the decision facing subaru : Marketing in Action Case - Real Choices at Subaru- What is the decision facing Subaru? What factors are important in understanding this decision situation? What are the alternatives

Reviews

Write a Review

Financial Management Questions & Answers

  The current value of the collateral treasury bond

The current value of the collateral Treasury bond is $98 and the Repo rate is 1.75% with haircut equal to 20%. What would you do, if you believe that the value of the bond may rise to $98.20? What if the price is expected to fall to $97.90?

  Distribution based ordinary income tax rates

A person who is single is expected to receive a fully taxable Lump-Sum distribution of $265,000. What will be the effective tax rate on this distribution based ordinary income tax rates of year 2015? Use 2015 income tax rates.

  What is the tax shield and cash flows

You must evaluate a proposal to buy a machine. The cost of the machine including shipping, modification and installation costs is 100,000. The machine will be depreciated using MACRS 3 year class life 33%, 45%,,15%7%) sold after 3 years for 12,000. T..

  Suppose interest rates have been at historically high levels

Suppose interest rates have been at historically high levels the past two years and you therefore expect they will soon go down. A reasonable strategy for bond investors during this time period would be to:

  What is the risk-free rate of return

The expected return on HiLo stock is 14.65 percent while the expected return on the market is 13.5 percent. The beta of HiLo is 1.21. What is the risk-free rate of return?

  Calculate the present value of the annuity streams

Calculate the present value of the following annuity streams: $7,000 received each year for 5 years on the last day of each year if your investments pay 6 percent compounded annually.

  Call option on stock with an exercise price

A call option on Jupiter Motors stock with an exercise price of $45 and one-year expiration is selling at $3. A put option on Jupiter stock with an exercise price of $45 and one-year expiration is selling at $2.5. If the risk-free rate is 10% and Jup..

  Capital structure weights on a book value basis

Filer manufacturing has 8 million shares of common stock outstanding. The current share price is $87, and the book value per share is $6. Filer manufacturing also has two bond issues outstanding. The first bond issue has a face value of $75 million a..

  Calculate Company Es weighted average cost of equity

Calculate Company E’s weighted average cost of equity, given the following information: (a) Expected Return on the Market: 10%, (b) Beta for Company E: 1.11, (c) Expected Risk Free Rate of Return: 3%, (d) Debt: $10,000,000, (e) Equity: $8,000,000, an..

  Summarize the five major provisions of the dodd frank act

Summarize the five major provisions of the Dodd Frank Act in terms of the impact on the operating performance of financial institutions and the efficiency of financial markets.

  Standard deviation of rate of return on new portfolio

You are the portfolio manager for a mutual fund. Your fund has an expected return of 15% with a standard deviation of 24% and the T-bill rate is 3%. What is the standard deviation of the rate of return on the new portfolio?

  What is the price of the stock today

Upper Gullies Corp. just paid a dividend of $2.10 per share. The dividends are expected to grow at 21 percent for the next eight years and then level off to a growth rate of 7 percent indefinitely. If the required return is 14 percent, what is the pr..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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