a. If you purchased a low-load fund at $10.30 and it had a net asset value of
Question:
b. If the fund’s net asset value went up by 33.72 percent, what would its new net asset value be?
c. What is your dollar profit or loss per share based on your purchase price?
d. What is your percentage return on your purchase price?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 45% (20 reviews)
a b Old net asset value 1000 Gain 13372 1337 New net asset v...View the full answer
Answered By
Muhammad Salman Alvi
Well, I am a student of Electrical Engineeing from Information Technology University of Punjab. Just getting into my final year. I have always been good at doing Mathematics, Physics, hardware and technical subjects. Teaching profession requires a alot of responsibilities and challenges.
My teaching experience started as an home tutor a year ago. When I started teaching mathematics and physic subjects to an O Level student. He was about 14 years old. His name was Ibrahim and I used to teach him for about 2 hours daily. Teaching him required a lot of patience but I had to be polite with him. I used to give him a 5 min break after 1 hour session. He was quite weak in basic maths and calculation. He used to do quite a lot of mistakes in his homework which I gave him weekly. So I decided to teach him basics from scratch. He used to say that he got the concept even if he didn't. So I had to ask him again and again. I worked on his basics for a month and after that I started taking a weekly test sesions. After few months he started to improve gradually. Now after teaching him for about a year I can proudly say that he has improved alot. The most important thing was he managed to communicate all the difficullties he was facing. He was quite capable and patient. I had a sincere desire to help him reach to its full potential. So I managed to do that. We had a very good honest relationship of a student and a teacher. I loved teaching him as a tutor. Now having an experience of one year teaching I can read students quite well. I look forward to work as an online tutor who could help students in solving their all sort of difficulties, problems and queries.
4.90+
29+ Reviews
43+ Question Solved
Related Book For
Fundamentals of Investment Management
ISBN: 978-0078034626
10th edition
Authors: Geoffrey Hirt, Stanley Block
Question Posted:
Students also viewed these Accounting questions
-
An investor buys Go-Go Mutual Fund on January 1 at a net asset value of $21.20. At the end of the year, the price is $25.40. Also, the investor receives $0.50 in dividends and $0.35 in capital gains...
-
How, specifically, can the Fed influence economic activity? Name three ways!
-
Why might a firm begin paying stock dividends in the growth stage?
-
Please graphically demonstrate the effects on the level of prices and the value of money if consumers increase their spending due to stock market boom and therefore make more transactions. On the...
-
Consider three businesses, all of which offer price reductions to their customers. The first is an independently owned gas station located at a busy intersection in Cincinnati, Ohio, that offers a 3...
-
How is the concept of workforce diversity related to the motivational techniques discussed in the chapter?
-
Discuss the importance of duty to warn for behavioral health professionals.
-
Using the following information, prepare the Statement of Revenues, Expenses, and Changes in Fund Net Position for the town of Robinson Water and Sewer Enterprise Fund for the year ended June 30,...
-
What are the PROGRESS UPDATE and RISK REVIEW for Make-A-Wish foundation? Describe briefly?
-
WeeMow Lawn Service provides lawn service, including mowing lawns and lawn care, landscaping, and lawn maintenance, to residential and commercial customers in the Draper town community. In the summer...
-
In problem 5, assume the fund increased in value by $0.30 the first month after you purchased 300 shares. a. What is your total dollar gain or loss? (Compare the total current value with the total...
-
Dan Herman purchases the Ivy Tower New Horizon Fund at a net asset value of $11.25. During the year, he receives $0.50 in dividends and $0.14 in capital gains distributions. At the end of the year,...
-
Avalon Corporation engaged in the transactions listed in the first column of the following table. Opposite each transaction is a ratio and space to indicate the effect of each transaction on the...
-
1. LookGood, Inc. has just announced the bad news that its earnings have dropped by 30 percent. In fact, its investors had anticipated a decrease of 20 percent. As a result, LookGood's stock price:...
-
You arrive at your first client meeting with Jaba's Smoothie Hut. Jaba's owner, Kim, has asked you to install a Wi-Fi network for his customers. Kim has told you that the store needs the following:...
-
Magnolia, Inc., manufactures bedding sets. The budgeted production is for 28,400 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is...
-
2. A person has completed a pre-license course of 63 classroom hours, 50 minutes each. At the end of the course she scored an 85% on the test and she has filed the appropriate fees and paperwork to...
-
The charter of a corporation provides for the issuance of 125,000 shares of common stock. Assume that 55,000 shares were originally issued and 13,400 were subsequently reacquired. What is the number...
-
Identify the circumstances under which a CPA can disclose confidential information without client permission.
-
Some people argue that the internal control requirements of the Sarbanes-Oxley Act (SOX) put U.S. companies at a competitive disadvantage to companies outside the United States. Discuss the...
-
On August 1, Jewel Company buys 1,000 shares of ABC common stock for $35,000 cash plus brokerage fees of $600. On December 1, the stock investments are sold for $38,000 in cash. Journalize the...
-
Faye Company owns 25% of Trish Company. For the current year, Trish reports net income of $150,000 and declares and pays a $60,000 cash dividend. Record Fayes equity in Trishs net income and the...
-
Faye Company owns 25% of Trish Company. For the current year, Trish reports net income of $150,000 and declares and pays a $60,000 cash dividend. Record Fayes equity in Trishs net income and the...
-
A summary of two stocks is shown. 52W high 52W low Name of Stock Symbol High Low Close 37.18 29.39 Zycodec ZYO 11.76 7.89 Unix Co UNX 39.06 32.73 34.95 16.12 12.11 15.78 Last year, a stockholder...
-
= Suppose f(z) is analytic for |z| < 3. If |(z)| 1, and (i) (1) = 0, what is the maximum value of |f(0)|? For which func- tions is the maximum attained?
-
Determine if the following equations can be solved by separation of variables, and if they are, it solves the problems. 1. 5x7dy+9xy5 = 0 dx 2. -xe +y=0 3. 5xy'-11y = 0 Graph both equations, the...
Study smarter with the SolutionInn App