Question: Hope invested 9 000 in a mutual fund when the
Hope invested $ 9,000 in a mutual fund when the price per share was $ 30. The fund has a load fee of $ 300. How many shares did she purchase?
Answer to relevant QuestionsIf Hope (from problem 1) had invested the same amount of money in a no load fund with the same price per share, how many shares could she have purchased? Ronnie owns 600 shares of a stock mutual fund. This year he received dividend distributions of 60 stock mutual fund shares ($ 40 per share) and long term capital gain distributions of 45 stock mutual fund shares ( also $ 40 ...What is a put option? How does it work? How can allocating some of your assets to bonds reduce the level of risk in your portfolio? Advise the Sampsons regarding the soundness of their tentative decision to invest all of their children’s college education money in a biotechnology mutual fund.
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