Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. You purchase 5000 shares of ABC fund, which has a NAV of $129.73 and a redemption fee of 2.45% and an expense ratio of

1. You purchase 5000 shares of ABC fund, which has a NAV of $129.73 and a redemption fee of 2.45% and an expense ratio of 1.73%. After 1 year, you decide to redeem your shares of the fund when it has a NAV of $137.91. During that year, you received a distribution of $1.9. What is your holding period return on your investment?

2. The Cache Growth Fund had year-end assets of $8,809,484,834 and liabilities of $572,709,745. What is the net asset value if there are 39,161,490 shares outstanding?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Sustainable Finance

Authors: Dirk Schoenmaker, Willem Schramade

1st Edition

0198826605, 978-0198826606

More Books

Students also viewed these Finance questions

Question

consider your role and influences as a researcher;

Answered: 1 week ago