If the total market value of an open-end mutual fund is $2,500 and there are 100 shares

Question:

If the total market value of an open-end mutual fund is $2,500 and there are 100 shares outstanding at the end of trading on Monday, what would the NAV of the fund be?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Money, Banking, Financial Markets and Institutions

ISBN: 978-0538748575

1st edition

Authors: Michael Brandl

See More Books

Question Posted: Jun 21, 2019 07:48 AM

See More Questions

Which of the following are characteristics that make hedge funds different from open-ended mutual funds? a. Investors in hedge funds are limited to individuals with a high net worth and institutional...
Explain why it is important to trace transfers between bank accounts on either side of the end of the reporting period.
Define substantive testing.
Louise Kalbe drew a check in the amount of $7,260 payable to the order of cash on her account at the Pulaski State Bank. The check was lost or stolen, but Kalbe did not report this to the bank, nor...
Let A be a symmetric tridiagonal matrix (i.e., A is symmetric and aij = 0 whenever |i - j | > 1). Let B be the matrix formed from A by deleting the first two rows and columns. Show that det(A) = a11...
An analysis of the role of theoretical/conceptual frameworks in your Doctoral Study research (Strategies business leaders have used to sustain their businesses beyond 5 years). Your analysis should...
Consider a population that contains values of x equal to 00,01,02, 03,. . . ,96, 97,98,99. Assume that these values of x occur with equal probability. Use the computer to generate 500 samples, each...
You are a consultant to a large manufacturing corporation that is considering a project with the following net after-tax cash flows (in millions of dollars): Years from Now After-Tax Cash Flow 0...
QUESTION 21 Assume a company is considenng adding a new product line with the following estimated cost and revenue data Annual sales Selling price per unit Variable manufacturing costs per unit...
Given a directed line from point p0(x0, y0) to p1(x1, y1), you can use the following condition to decide whether a point p2(x2, y2) is on the left of the line, on the right, or on the same line (see...
Which of the following has resulted in questions being raised about the future of the Social Security public pension system? a. Demographic changes in the US population b. Decreasing market interest...
Bob is confused about how the pricing of the open-end mutual fund he owns is actually calculated. Bob sees that stock prices have increased, yet the market value of his mutual fund, as determined by...
An error of __________________ should not be exceeded when testing a VOR system with a VOR test facility.
See US Debt Clock and answer the following: (Hint: Take a screenshot of the Debt Clock) (2) A. What is the current US deficit and the total federal debt? (1) B What is the net interest...
GASB states that public colleges and universities are special purpose governmentsand therefore accountable to the citizenry (Hoyle, 2015). Furthermore, GASB found that for public colleges and...
You have recently been assigned to the production planning department within your company. Your firm makes large blades for power generation windmills. The windmills are mostly used in the western...
Jason Ready attended the University of Ohio from 2 0 1 9 to 2 0 2 3 under the Air Force ROTC program. Excluding the school expenses covered by his ROTC scholarship, he incurred additional school...
Questions Chap 1 1. Consider the following cases and decide whether criminal or civil proceedings would result, and make a note of the parties in the action. a) Ali is being prosecuted for careless...
In Problem are there unique values of a, b, and c that make P a transition matrix? If so, complete the transition matrix and draw the corresponding transition diagram. If not, explain why. A A 0 b...
d) For die casting processes: 1. What are the most common metals processed using die casting and discuss why other metals are not commonly die casted? 2. Which die casting machines usually have a...
A 2016 column in the New York Times notes that: about two decades ago employers began replacing traditional [pension] plans with defined contribution plans like 401(k)s. a. What are traditional...
As noted in the chapter, in 2016, new regulations meant that prime money market funds would have to price shares in a fund purchased by institutional investors at the funds net asset value (NAV)...
In referring to the collapse of the Long-Term Capital Management hedge fund in 1998, an article in the New York Times noted: Starting with just $5 billion in capital, the fund was able to get $125...
The plant asset and accumulated depreciation accounts of Pell Corporation had the following balances at December 3 1 , 2 0 2 0 : Transactions during 2 0 2 1 were as follows: a . On January 2 , 2 0 2...
All else equal, a company's P/E ratio will ____________ when the discount rate ___________. rise, rise fall, rise fall, falls cannot be determined All else equal, a company's P/E ratio will _____...
The cost of partially completed goods at the end of the period would be Ending work in process inventory Cost of goods sold Beginning finished goods inventory Beginning work in process inventory

If the total market value of an open-end mutual fund is $2,500 and there are 100 shares

Question:

Step by Step Answer:

The N...View the full answer

Money, Banking, Financial Markets and Institutions

Students also viewed these Business questions