Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 19, 2024

The net asset value of a certain mutual fund is $53. If the fund charges a 3.4% load, how many shares will I own

The net asset value of a certain mutual fund is $53. If the fund charges a 3.4% load, how many shares will I own if I invest $4,465 in this fund? Round your answer to the nearest share.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 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

Basic Finance An Introduction to Financial Institutions Investments and Management

Authors: Herbert B. Mayo

10th edition

1111820635, 978-1111820633

More Books

Students also viewed these Finance questions

Question

The payment of $20,000 for expenses was incorrectly recorded by Elite Co. as an increase in cash of $20,000 and a decrease in retained earnings of $20,000. What is the effect of this error on the...

Answered: 1 week ago

Question

Complete three Tax Forms (Attached blank forms 2015 schedule D, 1040 and 8949). (Refer to the instructions PDF attached): Spencer Duck (SSSN 000-22-111) is single and his eight year old son, Mitch,...

Answered: 1 week ago

Question

I would like to get a help with completing three Tax Forms (Attached blank forms 2015 schedule D, 1040 and 8949). For the question: (Refer to the instructions PDF attached and Refer totax return...

Answered: 1 week ago

Question

Describe at least one method by which the organization can reduce change resistance?

Answered: 1 week ago

Question

★★★★★

Two identical batteries of emf ? = 12.0 V and internal resistance r = 0.200? are to be connected to an external resistance R either in parallel (Figure) or in series (Figure). If R = 2.00r, what is...

Answered: 1 week ago

Question

★★★★★

A stock price is currently $40. Assume that the expected return from the stock is 15% and its volatility is 25%. What is the probability distribution for the rate of return (with continuous...

Answered: 1 week ago

Question

★★★★★

=+3. You are called on to decide how your company should produce its new cell phone screen defroster (for use by skiers and others spending time out of doors in the cold.) You

Answered: 1 week ago

Question

★★★★★

Canning company: budgeting process Budgeting allows an organization to identify potential problems so that plans can be developed to avoid these problems or to deal with them systematically. Give an...

Answered: 1 week ago

Question

★★★★★

Which of the following does the video cite as a benefit of marketing movies globally? a International marketing is relatively easy. b Localization is relatively inexpensive. c Those who attend movies...

Answered: 1 week ago

Question

★★★★★

If Problem 10-58 (Budgeting and Sustainability) has not already been assigned, it can be assigned here. In Problem 10-58 Neat-and-Clean handles both commercial laundry and individual customer dry...

Answered: 1 week ago

Question

★★★★★

On the first day of the fiscal year, a company issues an $326,000,6%,5-year bond that pays semiannual interest of $9,780($326,0006%1/2), receiving cash of $306,400. Journalize the entry for the first...

Answered: 1 week ago

Question

★★★★★

SCMP Module 5, Module Culminating Assignment. (MCA) Workplace review in a case study format for the given below topics (from executive summary to monitor and control). As the focus is on strategic...

Answered: 1 week ago

Question

★★★★★

1. Referring to Exhibit 4, compute the annual percentage change in net income per common share-diluted (second numerical line from the bottom) for 1998-1999, 1999-2000, and 2000- 2001. Date Range...

Answered: 1 week ago

Question

★★★★★

tony soprano, leader of the soprano crime syndicate of NJ, waskilled by one of his own henchmen. detective vine interviews themen and determines that all were lying except for one, based onwhat he...

Answered: 1 week ago

Question

★★★★★

Tesar Chemicals is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable. The CEO believes the IRR is the best...

Answered: 1 week ago

Question

★★★★★

Which statement about Pay What You Want ( PWYW ) pricing strategy below is CORRECT? 1 point In this strategy, customers will receive a product or service as long as they pay something. A firm using...

Answered: 1 week ago

Question

★★★★★

Tzuyu Company produces a single product. Last year, Tzuyu manufactured 15,000 units and sold 12,000 units. Production costs for the year were as follows: Direct materials P 150,000 Direct labor...

Answered: 1 week ago

Question

★★★★★

The power company must generate 100 kW in order to supply an industrial load with 94 kW through a transmission line with 0.09  resistance. If the load power factor is 0.83 lagging, find the...

Answered: 1 week ago

Question

★★★★★

What is a bivariate outlier?

Answered: 1 week ago

Question

★★★★★

How can bivariate outliers be identified?

Answered: 1 week ago

Question

★★★★★

Suppose a digital scale used in an obesity study is inaccurate in that it under-reports an individuals weight by 0.8 pounds. If the mean and standard deviation of the ???? = 50 adult females involved...

Answered: 1 week ago

Previous Question Next Question