Suppose the fund in Problem 5 has liabilities of $110,000. What is the NAV of the fund
Question:
Data From Problem 5
An open-end mutual fund has the following stocks:
Transcribed Image Text:
Stock Shares Stock Price 6,000 $98 33,000 19 4,600 89 D 82,500 12
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 45% (11 reviews)
NAV 26...View the full answer
Answered By
Keziah Thiga
I am a self motivated financial professional knowledgeable in; preparation of financial reports, reconciling and managing accounts, maintaining cash flows, budgets, among other financial reports. I possess strong analytical skills with high attention to detail and accuracy. I am able to act quickly and effectively when dealing with challenging situations. I have the ability to form positive relationships with colleagues and I believe that team work is great key to performance. I always deliver quality, detailed, original (0% plagirism), well-researched and critically analyzed papers.
4.90+
1504+ Reviews
2898+ Question Solved
Related Book For
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
Question Posted:
Students also viewed these Business questions
-
In Problem 6, assume the fund is sold with a 6.25 percent front-end load. What is the offering price of the fund? Data From Problem 6 Suppose the fund in Problem 5 has liabilities of $110,000. What...
-
1. Suppose a firm had an extraordinary loss of $ 300,000. If the firms tax rate is 35%, how will the loss be shown in the financial statements? a. On the income statement, below income from...
-
The X Fund, a closed-end investment company, has a portfolio of assets worth $500 million. It has liabilities of $2 million. It also has 40 million shares outstanding. a. What is the fund's NAV? b....
-
In 2020, Neighbor Co-Op Inc. sells 1,100 beverages in glass bottles and receives a $1.00 deposit for each returnable bottle sold. As of December 31, 2020, a total of 880 glass bottles were returned...
-
Does the air exert a buoyant force on all objects in air or on only objects such as balloons that are very light for their size?
-
Determine the quantity indicated. J is inversely proportional to the square of A. If J = 25 when A = 2, find J when A = 5.
-
Crystal Cleaners had the following results in 2003 and 2006: Crystal used the same facilities in 2006 as in 2003. However, over the past four years the company put more effort into training its...
-
Mountain View Manufacturing Co. maintains the following accounts in the general ledger: Materials, Work in Process, Factory Overhead, and Accounts Payable. On July 1, the materials account had a...
-
In 150 words or fewer, explain the difference between horizontal and vertical analysis. Be sure to include in your answer how each might be used.
-
DeQuan Matthews of Sports to Go recorded the following transactions in a general journal during the month of May. Post these entries to the Cash account of the general ledger (three-column format) to...
-
An open-end mutual fund has the following stocks: If there are 50,000 shares of the mutual fund, what is the NAV? Stock Shares Stock Price 6,000 $98 33,000 19 4,600 89 D 82,500 12
-
Prove that E[b'b] = ' + 2 K k=1 (1/ k ) where b is the ordinary least squares estimator and k is a characteristic root of X'X.
-
The wooden shaft is held in a lathe. The cutting tool exerts force F on the shaft in the direction shown. Determine the moment of this force about the x axis of the shaft. Express the result as a...
-
Discuss the parts of the communications mix.
-
What, if any, further research needs to be undertaken before attempting to export to the USA?
-
What methods are used in (a) the preliminary review and (b) the completion of the review.
-
What are the basic audit differences between an E.DP and a manual system?
-
Imagine that you were the salesperson. How would you have conducted the sales interview?
-
On 2 January 2015, McGrath Ltd purchased a machine for $36 000 plus GST with a useful life of 5 years and a residual value of $6000. In order to keep the machine running properly, the company has...
-
Accounting policies and practices that are most important to the portrayal of the companys financial condition and results, and require managements most difficult, subjective, or complex judgments...
-
A STRIPS traded on May 1, 2016, matures in 18 years on May 1, 2034. Assuming a 4.1 percent yield to maturity, what is the STRIPS price?
-
Calculate the following: a. The current market conversion price for the Sands convertible bond. b. The expected one-year rate of return for the Sands convertible bond. c. The expected one-year rate...
-
A Treasury bond with the longest maturity (30 years) has an ask price quoted at 99.4375. The coupon rate is 4.6 percent, paid semiannually. What is the yield to maturity of this bond?
-
Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check Ryan's June bank statement shows $19.861 on deposit in the bank. Ryan's comparison of the...
-
Pear Garde Corporation has 150,000 shares of $1.35 preferred stock outstanding in addition to its common stock. The 51.35 designation means that the preferred stockholders receive an annual cash...
-
14. Charlene Cosmetics Company uses a periodic inventory system. The company began business operations in March and made the following four inventory purchases: March 1 March 10 March 15 March 28...
Study smarter with the SolutionInn App