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BKM Ch 4 problems ( Connect / Problem Sets ) 1 0 , 1 3 , 1 8 , 2 7 Open - end mutual
BKM Ch problems ConnectProblem Sets
Openend mutual funds find it necessary to keep a small fraction of total investments, typically around
of the portfolio value, in very liquid money market assets. Closedend funds do not maintain such a position in
"cashequivalent" securities What difference between open and closedend funds might account for their
differing liquidity policies?
The composition of the Fingroup Fund portfolio is: shares of stock A with a price of $
shares of B with price $ shares of C with price $ and shares of D with price $ The
fund has not borrowed any funds, but its management fee with the portfolio manager currently totals $
There are million fund shares outstanding. What is the net asset value of the fund?
LoadedUp Fund charges a fee of and maintains an expense ratio of Economy fund
charges a frontend load of but has no fee and an expense ratio of Assume the rate of return
on both funds' portfolios before any fees is per year. How much will an investment in each grow to after:
a year?
b years?
c years?
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