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

Question

1 Approved Answer

The Swadhinota open end mutual fund is being sold for Tk.54 per share. The fund includes Tk.750 million in securities, Tk.120 million in liabilities and

The Swadhinota open end mutual fund is being sold for Tk.54 per share. The fund includes Tk.750 million in securities, Tk.120 million in liabilities and 13 million shares outstanding. a. Is the fund charging any load? If so, how much is the amount of the load. b. By what percentage of the NAV should the price of the fund rise or fall for the fund to break even with the purchase value?

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

Intermediate Financial Management

Intermediate Financial Management

Authors: Eugene F. Brigham, Phillip R. Daves

8th Edition

0324258917, 9780324258912

More Books

Students also viewed these Finance questions

Question

★★★★★
Refer to the financial statements of Williams-Sonoma, Inc., given in Appendix D at the end of this book. 1. How much interest expense did Williams-Sonoma record in 2003, 2004, and 2005? 2. What is...

Answered: 1 week ago

Question

★★★★★
What are the limitations of the internal rate of return method?

Answered: 1 week ago

Question

★★★★★
Any other thoughts about culturally competent practice with members of this culture?

Answered: 1 week ago

Question

★★★★★
Clark Company acquires an 80% interest in Hebron Company common stock for $400,000 cash on January 1, 2011. At that time, Hebron Company has the following balance sheet: Appraisals indicate that...

Answered: 1 week ago

Question

★★★★★
Which is the syntax naming convention that the PowerShell cmdlets follow? Noun - verb Verb - noun Noun - verb and verb

Answered: 1 week ago

Question

★★★★★
Bill Canry is the headmaster at Heller Highwater High School. It's a small rural public school with 9 teachers and 100 students. A snowstorm is bearing down on the region, and this has made it...

Answered: 1 week ago

Question

★★★★★
A two-mass system consists of a piston of mass \(m_{1}\), connected by two elastic springs, that moves inside a tube as shown in Fig. 5.23. A pendulum of length \(l\) and end mass \(m_{2}\) is...

Answered: 1 week ago

Question

★★★★★
Two particles carrying charges \(q_{1}=-4 \mu \mathrm{C}\) and \(q_{2}=\) \(12 \mu \mathrm{C}\) are located \(5 \mathrm{~m}\) apart. Choose a coordinate system where the first particle is at the...

Answered: 1 week ago

Question

★★★★★
A 6 in. sch 40 pipeline carries a petroleum fraction (viscosity $15 \mathrm{cP}, \mathrm{SG} 0.85$ ) at a velocity of $7.5 \mathrm{ft} / \mathrm{s}$, from a storage tank at $1 \mathrm{~atm}$ pressure...

Answered: 1 week ago

Question

★★★★★
A 2 in. sch 40 pipe carries $\mathrm{SAE} 10$ lube oil at $100^{\circ} \mathrm{F}(\mathrm{SG}=0.928)$. The flow rate may be as high as $55 \mathrm{gpm}$, and you must select an orifice meter to...

Answered: 1 week ago

Question

★★★★★
Two items both have reorder points with service levels of 99%. One of the items is ordered 10 times a year, and the other item is ordered 20 times a year. Do these two items have the same overall...

Answered: 1 week ago

Question

★★★★★
1 The CIPD now pays particular attention to business skills. Do you think it is right that HR managers should have such broad- based skills? In a report prepared by Rajan and Chapple (2001), based on...

Answered: 1 week ago

Question

★★★★★
=+5. Have a look at the Web site of the campaign What Would Jesus Drive? (http://www.whatwouldjesusdrive.info/intro.php). If he were alive today, what car would Jesus drive? Why?

Answered: 1 week ago

Question

★★★★★
1 W hat lessons might be taken from SASs example and applied in other organisations? SAS Institute, based in the USA, is the worlds largest private software company. SAS is a developer of analytics...

Answered: 1 week ago

Previous Question Next Question