FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jam invested P500,000 in BPI Philippine Equity Index Fund on Aug 6, 2019 at a NAVPU of P104.75. On Sep 13, 2019, the NAVPU was

image text in transcribed
Jam invested P500,000 in BPI Philippine Equity Index Fund on Aug 6, 2019 at a NAVPU of P104.75. On Sep 13, 2019, the NAVPU was P107.81. How much would Jam have received if he made a full redemption? Assume that the fund has neither front nor back load. O P411,684.91 OP514,605.16 OP511,074.16 OP514,606.21

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

Finance Applications and Theory

Finance Applications and Theory

Authors: Marcia Cornett, Troy Adair

3rd edition

1259252221, 007786168X, 9781259252228, 978-0077861681

More Books

Students also viewed these Finance questions

Question

★★★★★
1. What is the project's NPV, given the projections in Table 10.8? 2. Conduct a sensitivity and a scenario analysis of the project. What do these analyses reveal about the project's risks and...

Answered: 1 week ago

Question

★★★★★
Cindy recently died, and her will contains bequests for both Carl and Candy. Cindy's will directs that land that she owns should be transferred to Carl. The land was purchased by Cindy years ago for...

Answered: 1 week ago

Question

★★★★★
Ever the risk-taker, Maxine has invested in another of Sams companies. This time, she pays $3 million for 30 percent of Special Stuff (SS). Calculate the payout table and draw the graphs for Max and...

Answered: 1 week ago

Question

★★★★★
An airline is preparing to replace its old planes with three new styles of jets. The airline needs 17 new planes to service its current routes. The decision regarding which planes to purchase should...

Answered: 1 week ago

Question

★★★★★
Jam invested P500,000 in BPI Philippine Equity Index Fund on Aug 6, 2019 at a NAVPU of P104.75. On Sep 13, 2019, the NAVPU was P107.81. How much would Jam have received if he made a full redemption?...

Answered: 1 week ago

Question

★★★★★
Required information [The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales...

Answered: 1 week ago

Question

★★★★★
Explain ACID properties and Illustrate them through examples?

Answered: 1 week ago

Question

★★★★★
Discuss How do you implement Atomicity and Durability?

Answered: 1 week ago

Question

★★★★★
Discuss about Complex integrity constraints in SQL?

Answered: 1 week ago

Question

★★★★★
Explain different types of database users and write the functions of DBA?

Answered: 1 week ago

Question

★★★★★
Explain about Schema refinement in Database design?

Answered: 1 week ago

Previous Question Next Question