Question

An open-end mutual fund has the following stocks: Stock Shares Stock Price A 8,500 $ 93...

An open-end mutual fund has the following stocks:

Stock Shares Stock Price
A 8,500 $ 93
B 33,000 22
C 6,000 79
D 81,000 11

The fund has 55,000 shares and liabilities of $135,000. What is the NAV of the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Net Asset Value?

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 8,500 $ 93...
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 8,500 $ 93 B 33,000 22 C 6,000 79 D 81,000 11 If there are 55,000 shares of the mutual fund, what is the NAV? Net asset value:
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 7,500 $ 95...
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 7,500 $ 95 B 33,000 10 C 4,600 83 D 81,000 11 The fund has 53,000 shares and liabilities of $133,000. Assume the fund is sold with a front-end load of 6.5 percent. What is the offering price of the fund?
An open end fund has the following holdings. Stock Shares Stock Price A 25,000 $90 B...
An open end fund has the following holdings. Stock Shares Stock Price A 25,000 $90 B 35,000 $28 C 30,000 $45 D 75,000 $25 There are liabilities of $475,000 [salaries, audit fees, etc], and 150,000 shares outstanding. What is the NAV? a. $95 to $100 b. Less than $80 c. $90 to $95 d. $80 to $85 e. $85 to $90 f. More than $100
A mutual fund has 500 shares of General Electric, currently trading at $16, and 500 shares...
A mutual fund has 500 shares of General Electric, currently trading at $16, and 500 shares of Microsoft, Inc., currently trading at $22. The fund has 1,200 shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places. (e.g., 32.16)) b. If investors expect the price of General Electric to increase to $18 and the price of Microsoft to decline to $12 by the end of the year, what is the expected NAV at...
An open-ended fund has stocks of three companies: 400 shares of IBM currently valued at $50.00,...
An open-ended fund has stocks of three companies: 400 shares of IBM currently valued at $50.00, 200 shares of GE currently values at $20 and 200 shares of Digital currently valued at $30. The fund has 500 shares outstanding. What is the net asset value (NAV) of the fund? b) Suppose a company offers two types of funds a) a load fund b) no-load fund. Both funds have same NAV (as of part a) and a life of 1 year....
A mutual fund has 600 shares of General Electric, currently trading at $13, and 600 shares...
A mutual fund has 600 shares of General Electric, currently trading at $13, and 600 shares of Microsoft, Inc., currently trading at $29. The fund has 1,500 shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places. (e.g., 32.16)) b. If investors expect the price of General Electric to increase to $20 and the price of Microsoft to decline to $14 by the end of the year, what is the expected NAV at...
A closed-end fund has total assets of $375 million and liabilities of $200,000. Currently, 20 million...
A closed-end fund has total assets of $375 million and liabilities of $200,000. Currently, 20 million shares are outstanding. What is the NAV of the fund? If the shares currently sell for $17.90, 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...
Suppose that at the start of the year, a no-load mutual fund has a net asset...
Suppose that at the start of the year, a no-load mutual fund has a net asset value of $27.95 per share. During the year, it pays its shareholders a capital gain and dividend distribution of $1.12 per share and finishes the year with an NAV of $30.80. What is the return to an investor who holds 258.156 shares of this fund in his (nontaxable) retirement account? Do not round intermediate calculations. Round your answer to two decimal places.   % What...
The New American Enterprise Mutual Fund's portfolio is valued at $133.8 million. The fund has liabilities...
The New American Enterprise Mutual Fund's portfolio is valued at $133.8 million. The fund has liabilities of $6.6 million, and the investment company sponsoring the fund has issued 5,300,000 shares. What is the fund's net asset value (NAV)? (Round your answer to 2 decimal places.) $21.29 NAV per share $26.49 NAV per share $34.36 NAV per share $24.00 NAV per share $18.83 NAV per share
Problem 17-4 (LG 17-5) Suppose today a mutual fund contains 2,000 shares of JPMorgan Chase, currently...
Problem 17-4 (LG 17-5) Suppose today a mutual fund contains 2,000 shares of JPMorgan Chase, currently trading at $69.75, 1,000 shares of Walmart, currently trading at $68.10, and 2,500 shares of Pfizer, currently trading at $36.50. The mutual fund has no liabilities and 10,000 shares outstanding held by investors. a. What is the NAV of the fund? b. Calculate the change in the NAV of the fund if tomorrow JPMorgan’s shares increase to $71, Walmart’s shares increase to $73, and...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT