What was the fund turnover

Assignment Help Financial Management
Reference no: EM13937982

A mutual fund sold $134 million of assets during the year and purchased $148 million in assets. If the average daily assets of the fund were $416 million, what was the fund turnover? (Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

  Fund turnover                 %

Reference no: EM13937982

Questions Cloud

Circuit diagrams and see that the reset affects : You need to look closely at your circuit diagrams and see that the RESET affects all three circuits, as the flip flop will be changed if the reset is faulty, this in turn will affect both other circuits, you need to go into detail with this as it ..
Calculate sales needed to achieve a profit : Calculate sales needed to achieve a profit of $1,800,000, assuming the current mix. (Round to the nearest dollar.)
What is important about light in consideration to plants : What is important about light in consideration to plants (explain for a standpoint of Photons) How is this energy harnessed and what is it used for (be Specific)
What is the premium or discount on the fund : A closed-end fund has total assets of $495 million and liabilities of $280,000. Currently, 28 million shares are outstanding. What is the NAV of the fund? If the shares currently sell for $18.45, what is the premium or discount on the fund?
What was the fund turnover : A mutual fund sold $134 million of assets during the year and purchased $148 million in assets. If the average daily assets of the fund were $416 million, what was the fund turnover?
Program that when a word is entered knows even or odd : I need a program that when a word is entered knows if the word is odd or even of characters and if it is odd it should display the word in a cross and if it's even it should display the word inverted.
Either replace or refurbish the elevator system : You want to either replace or refurbish the elevator system in an office. Referbishing: Refurbishing the elevators will cost $55,000 and extend the life of the elevators another 20 years. Replacing the elevator system will cost $140,000, with an expe..
Identify plant and animal cell structure and functions : Cellular Respiration and Photosynthesis co-exist as paired processes. Photosynthesis converts light energy into organic molecules such as carbohydrates. These molecules are picked up and utilized as fuel sources in organisms that employ Cellular R..
Gradients to determine the position of camera : Use gradients to determine the position of camera, Report follows correct structure and order: Title, Abstract, Introduction, Results and Discussion, Conclusion, References, Appendix.References correctly used

Reviews

Write a Review

Financial Management Questions & Answers

  A project has an annual operating cash flow

A project has an annual operating cash flow of $45,000. Initially, this four-year project required $3,800 in net working capital, which is recoverable when the project ends. The firm also spent $21,500 on equipment to start the project. This equipmen..

  Write a short memo to your supervisor explaining

Prepare your performance report to show calculations for the eleven ratios listed on page 131-132, as well as a comparison of your computed ratios with the listed industry averages.

  The break-even point for buffalo bobs wild wings

Buffalo Bob’s Wild Wings is a restaurant that sells only chicken wings. The restaurant has fixed costs per year of $200,000 and each wing (regardless of dressing) sells for $0.50 and costs $0.25 per. The profit/loss of the firm at 1,000,000 wings sol..

  What is the cost of goods sold

What is the cost of goods sold?

  Chemical compound used in manufacture of wide range

Carlyle chemicals is evaluating a new chemical compound used in the manufacture of a wide range of consumer products. The firm is concerned that inflation in the cost of raw materials will have an adverse effect on the projects cash flow. what recomm..

  Prepare an overview diagram of the job-costing system

The University of Chicago Press is wholly owned by the university. It performs the bulk of its work for other university departments, which pay as though the press were an outside business enterprise. Its job-costing system has two direct-cost catego..

  The securities act primarily concerned with

The securities act of 1933 is primarily concerned with.

  Dividend is expected to grow at constant rate

Kellner Motor Co.'s stock has a required rate of return of 12.50%, and it sells for $25.00 per share. Kellner's dividend is expected to grow at a constant rate of 6.00%. What was the last dividend, D0? Remember, give D0, not D1.

  About the prize money

In 1968 prize money for the Wimbledon Tennis Championships was first awarded. The winner of the men’s singles was £2,000. In 2009 the winner received £850,000.  What was the percentage increase per year in the winner’s cheque for men and women over t..

  Outstanding bond issue

Midland Utilities has an outstanding bond issue that will mature to its $1,000 par value in 15 years. The bond has a coupon rate of 11% and pays interest semiannually.

  Determine the amount of additional financing

In the Industrial Supply Company example (Table 4.4) it was assumed that the company’s fixed assets were being used at nearly full capacity and that net fixed assets would have to increase proportionately as sales increased.

  What is the firms earnings growth rate

The newspaper reported last week that Bennington Enterprises earned $34.15 million this year. The report also stated that the firm’s return on equity is 17 percent. Bennington retains 80 percent of its earnings. What is the firm's earnings growth rat..

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