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A mutual fund's net asset value is $39.30, but the fund charges a 3 percent load fee (front-loaded) and an exit fee of 1 percent (if redeemed in 6 motnhs) of net asset value. An individual client purchases 10 shares of the mutual fund on Jan 5 of year 20X1. During the year 20X1, the fund distributes $3.45 capitial gain and $0.75 dividend income. The asset value rises to $42.12 on Jan 5 of year 20X2 and the investor redeems the shares.(PLEASE SHOW WORK)
a) what is the percentage return the fund can report that was achieved by its portfolio managers?
b) What is the percentage return the individual earned on the investment? Why is this answer different from the answer is part (A)?
Bond X is a premium bond making semiannual payments. The bond pays a coupon rate of 12 percent, has a YTM of 10 percent, and has 16 years to maturity. Bond Y is a discount bond making semiannual payments. If interest rates remain unchanged, what do y..
What is the expected return and standard deviation of return on your client’s portfolio?
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Earl obtained a loan for 15000 dollars. He will pay it back in 19 months with an interest rate of 14 yearly compounded monthly. Each payment will be $400 larger than the previous payment. Calculate the amount of the last payment.
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Payments are due on the first day of each month starting with day you sign lease contract. If your cost of money is 3.9 percent, what is current value of lease?
Your client is 29 years old; and she wants to begin saving for retirement, with the first payment to come one year from now. She can save $9,000 per year; and you advise her to invest it in the stock market, which you expect to provide an average ret..
Which of the following statements is false concerning Jews (in general) in the Middle Ages in Europe ?
Find the price to yield an investor 7.7 percent convertible semiannually.
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