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PLEASE HELP WITH ENTIRE EXERCISE A) You invested $50,000 in a mutual fund at the beginning of the year when the NAV was $68.23. At
PLEASE HELP WITH ENTIRE EXERCISE
A) You invested $50,000 in a mutual fund at the beginning of the year when the NAV was $68.23. At the end of the year, the fund paid $0.32 in short-term distributions and $0.49 in long-term distributions. If the NAV of the fund at the end of the year was $72.59, what was your return for the year?
B)
A closed-end fund has total assets of $510 million and liabilities of $290,000. Currently, 29 million shares are outstanding. What is the NAV of the fund? If the shares currently sell for $18.10, what is the premium or discount on the fund? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round the NAV answer to 2 decimal places. Enter the premium or discount as a percent rounded to 2 decimal places.) Net asset value Premium(discount) A mutual fund sold $148 million of assets during the year and purchased $118 million in assets. If the average daily assets of the fund were $456 million, what was the fund turnover? (Enter your answer as a percent rounded to 2 decimal places.) Fund turnover An open-end mutual fund has the following stocks: Stock . Shares 15,500 31,000 7,500 73,000 Stock Price $ 79 29 57 D 15 The fund has 48,000 shares and liabilities of $138,000. Assume the fund is sold with a front-end load of 2.75 percent. What is the offering price of the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Offering priceStep by Step Solution
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