Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is this mutual funds NAV? ABC mutual fund has the following characteristics: Value of Fund: $ 1 4 2 , 0 0 0 ,

What is this mutual funds NAV?
ABC mutual fund has the following characteristics:
Value of Fund: $142,000,000
Liabilities $2,000,000
Shares 3,500,000
40
Flag question: Question 2
Question 20 pts
ABC mutual fund (from question #1) is an "A" share fund and charges a 3.5% sales load. When is the sales load charged?
Group of answer choices
At purchase
At redemption
Each year, once per year
At redemption and annually
Flag question: Question 3
Question 30 pts
I decide to purchase 250 shares of ABC mutual fund. Using the NAV from question #1, and sales load from question #2, what is the sales load (in dollars) I will be charged? [no need to enter "$" symbol in answer.]
350
Flag question: Question 4
Question 40 pts
What is my total return in dollars from my ownership of mutual fund ABC. (Use information from all previous questions) Use the following characteristics:
Income dividends received: $325
Capital gains distributions: $60
NAV at time of sale was $43
1.135
Flag question: Question 5
Question 50 pts
What is my percentage return, of my purchase and sale of mutual fund ABC? Don't forget to include the impact of the sales load. [No need to enter percentage sign. 20.5%=20.5]

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

Step: 3

blur-text-image

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

Fundamentals of Investing

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

12th edition

978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359

More Books

Students also viewed these Finance questions

Question

In general, are polar equations functions? Explain your reasoning.

Answered: 1 week ago

Question

=+a) What were the factors and factor levels?

Answered: 1 week ago

Question

=+5. What is your impression of the Carbon Principles?

Answered: 1 week ago