Question
1.Julie Martin is investing $29,600 in the Invesco Charter mutual fund. The fund charges a 5.00 percent commission when shares are purchased. Calculate the amount
1.Julie Martin is investing $29,600 in the Invesco Charter mutual fund. The fund charges a 5.00 percent commission when shares are purchased. Calculate the amount of commission Julie must pay. (Round your answer to 2 decimal places.)
Amount of commission=
2. Nina Collins purchased the New Dimensions bond fund. While this fund doesnt charge a front-end load, it does charge a contingent deferred sales load of 3.5 percent for any withdrawals in the first five years. If Mary withdraws $13,300 during the second year, how much is the contingent deferred sales load? (Round your answer to 2 decimal places.)
Contingent deferred sales load=
3.You are given the following information:
Boston Equity Mutual Fund | |||
Total assets | $ | 798 | million |
Total liabilities | $ | 4 | million |
Total number of shares | 20 | million | |
Calculate the net asset value for the Boston Equity mutual fund. (Round your answer to 2 decimal places.)
Net asset value _________ per share
4.Assume that one year ago you bought 140 shares of a mutual fund for $14 per share, you received a capital gain distribution of $0.40 per share during the past 12 months, and the market value of the fund is now $21. Calculate the total return for this investment if you were to sell it now. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)
Total dollar return=
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