Given the following data about XYZ Mutual Fund on Oct. 1: Assets: Liabilities: Cash = $40,000...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Given the following data about XYZ Mutual Fund on Oct. 1: Assets: Liabilities: Cash = $40,000 Accrued fees and expenses = $5,000 1,000 Shares of Stock A: Closing Price $30 2,000 Shares of Stock B: Closing Price = $40 1,000 Shares of Stock C: Closing Price =$50 Shares Outstanding = 6,000 Total Value of the Assets = $200,000 Compute the Net Asset Value of XYZ mutual Fund on Oct 1: a) NAV = If the stock price of A closes at $32 and the stock price of B closes at $42, and the Stock price of C closes at $47 on Oct. 2, what will be the new NAV of XYZ mutual fund on Oct 2? b) NAV = Given the following data about XYZ Mutual Fund on Oct. 1: Assets: Liabilities: Cash = $40,000 Accrued fees and expenses = $5,000 1,000 Shares of Stock A: Closing Price $30 2,000 Shares of Stock B: Closing Price = $40 1,000 Shares of Stock C: Closing Price =$50 Shares Outstanding = 6,000 Total Value of the Assets = $200,000 Compute the Net Asset Value of XYZ mutual Fund on Oct 1: a) NAV = If the stock price of A closes at $32 and the stock price of B closes at $42, and the Stock price of C closes at $47 on Oct. 2, what will be the new NAV of XYZ mutual fund on Oct 2? b) NAV =
Expert Answer:
Answer rating: 100% (QA)
Net Asset Value Market Value of assets Cash Liabilities ... View the full answer
Related Book For
Posted Date:
Students also viewed these finance questions
-
Given the following data about the economy: a. Calculate aggregate output (GDP) and aggregate income. b. Compare the two calculations in a. Why are they not precisely equal? c. Calculate GNP. d....
-
1. Security A has expected return of 17.6% and beta of 1.4. If the risk-free rate is 6%, what is the reward-to-risk rate for Security A? Question 2 The common stock of Detroit Engines has a beta of...
-
The company owns 2,000 shares of Stock A and 6,000 shares of Stock B. The company received dividends of $1.75 per share from Stock A and $0.97 per share from Stock B. The company classifies Stock A...
-
Q6). Suppose the ski patrol lowers a rescue sled and victim, having a total mass of 95.0 kg, down a 60 slope at constant speed, as shown in Figure 1 below. The coefficient of friction u between the...
-
Consider the system in Figure P6.13. Determine the conditions on K, p, and z that must be satisfied for closed-loop stability. Assume that K > 0, ζ > 0, and Ïn > 0. Figure P6.13...
-
(c) Use the least squares method to develop the estimated regression equation. (Let x = home value (in thousands of $), and let y = landscaping expenditures (in thousands of $). Round your numerical...
-
Recognized limitations of financial statement analysis include each of the following except: a. companies in the same industry using different accounting methods. b. inflation. c. different levels of...
-
A college student, Austin Keynes, wished to purchase a new entertainment system from Friedman Electronics, Inc. Because Keynes did not have the cash to pay for the entertainment system, he offered to...
-
Jane is 30 years old and is saving for her retirement. She is planning on making 36 contributions to her retirement account at the end of each of the next 36 years. The first contribution will be...
-
The income statement of Fezzik's Shoe Repair is as follows: On April 1, the Owner's Capital account had a balance of $12,900. During April, Fezzik withdrew $3,000 cash for personal use. Prepare...
-
The Gap Inc. (GPS) operates specialty retail stores under such brand names as GAP, Old Navy, and Banana Republic. The following asset and liability data (in millions) were adapted from recent...
-
Explain and Give an example of genetic diversity, species diversity, and ecosystem diversity.
-
Acme Industries' current dividend is $2.The average growth rate for the past twenty years has been steady at 8%, but the consensus of analysts is that the expected growth rate will be 6% going...
-
A federal court in the city of Los Angeles determined that the Collins company must pay $50 million in compensation for damages to a former manager who accused the company of retaliating against her,...
-
A bond that sells for $899 has a yield of 3.5% and 29 years to maturity. What is the coupon rate? Answer:
-
Calculate the APR for a single-payment $1,000 loan for one year at 16 percent.
-
Unit 6 - Discussion Forum The Accounting Information System (AIS), depreciation, and inventory valuation are of utmost significance. Our previous units extensively covered these topics, highlighting...
-
Privitera and Freeman (2012) constructed a scale to measure or estimate the daily fat intake of participants; the scale was called the estimated daily intake scale for fat (EDIS-F). To validate the...
-
What effect has globalization had on the ability of firms to specialize? How has this affected the competitive process?
-
What is an agent-based computational model?
-
Create a coordinate space on graph paper and label the following points: a. (0,5) b. (-5,-5) c. (2,-3) d. (-1,1)
-
Schenk, Inc., sells desk lamps and desks. The following information is from the June income statement. Schenks management is interested in knowing the number of lamps and desks it must sell to earn...
-
Ratliff Corporation produces lawn fertilizer spreaders. Ratliffs income statement shown has been prepared for August of the current year. Instructions: 1. Prepare Ratliffs August income statement...
-
Millard, Inc., sold 68,000 computer printers last year with the following results. Complete each of the following instructions independently of the others. Instructions: 1. Millard projects that it...
Study smarter with the SolutionInn App