Nina Collins purchased the New Dimensions bond fund. While this fund doesnt charge a front-end load, it
Question:
Nina Collins purchased the New Dimensions bond fund. While this fund doesn’t charge a front-end load, it does charge a contingent deferred sales load of 4 percent for any withdrawals in the first five years. If Nina withdraws $5,600 during the second year, how much is the contingent deferred sales load?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
The contingent deferre...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Personal Finance
ISBN: 9781264101597
14th Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
Question Posted:
Students also viewed these Business questions
-
3. One location of a city was selected as a location for electrical switch yard. Fifty (50) residential homes that are located near the potential switch yard are concerned about this. A monthly...
-
I bought 1,000 shares of stock for $5 ea two years ago. I sold them this year for $10 ea. I also bought 500 shares of a different stock 3 years ago paying $9 ea. I sold them this year for $8 ea. My...
-
Identify the five characteristics that should be present in a literature review, and then apply these characteristics to evaluate case below. Justify each point you make in the review. Case study As...
-
What is performance measurement?
-
Jonathan, Gary, and Ricardo are active members of a partnership called Swim City. The partnership manufactures, sells, and installs outdoor swimming pools in the states of Arkansas and Texas. The...
-
How can a well specified investment strategy facilitate the job of investment managers in managing portfolios?
-
Implement the set of relational tables shown in Table 4-15 in a relational DBMS package to which you have access. Write queries to answer the following questions. Note: For some of these questions...
-
Smith and Jones are stranded on a desert island. Each has in her possession some slices of ham (H) and cheese (C). Smith prefers to consume ham and cheese in the fixed proportions of 2 slices of...
-
is from Hospitality and tourism law In your own words, explain what a copyright is and give one example
-
Twobucks Coffee Company currently operates 12 coffee shops in downtown Nashville. The company has been losing money and wants to downsize by closing some stores. Its policy has been to saturate the...
-
Mathew Johnston invested a total of $94,000 in the New Colony Pacific Region mutual fund. The management fee for this particular fund is 0.80 percent of the total asset value. Calculate the...
-
Bill Matthews is investing $11,300 in the Washington Mutual fund. The fund charges a 5.75 percent commission when shares are purchased. Calculate the amount of commission Bill must pay.
-
Kelly is a self-employed tax attorney whose practice primarily involves tax planning. During the year, she attended a three-day seminar regarding new changes to the tax law. She incurred the...
-
A pelton wheel is to be designed for the following specifications: shaft power = 12 MW, head = 390 m, speed = 900 rpm, overall efficiency = 86%, jet diameter is not to exceed one sixth of the wheel...
-
For many years, Miner Industries has manufactured prefabricated garden sheds where the sheds are constructed in sections to be assembled on customers property. The company expanded into the pre -...
-
Find the future values of the following ordinary annuities. FV of $800 each 6 months for 10 years at a nominal rate of 8%, compounded semiannually. Do not round intermediate calculations. Round your...
-
Opening Inventory Gross Sales Markdowns Purchases at Retail Customer Returns $230,000 $315,000 $ 15,000 $340,000 $ 39,500 Returns to Vendors $ 22,000 Transfers In Physical Inventory Planned Shortage...
-
A distribution center sells Sony televisions to retailers at a constant demand rate of 2 0 , 0 0 0 units per year. It costs the distribution center $ 5 0 0 to place an order. Also, the price the...
-
Net sales revenue, net income, and common stockholders equity for Shawnee Mission Corporation, a manufacturer of contact lenses, follow for a four-year period. Requirements 1. Compute trend analyses...
-
A business had revenues of $280,000 and operating expenses of $315,000. Did the business (a) Incur a net loss (b) Realize net income?
-
Describe the features of graduated payment and balloon payment mortgages.
-
What are the two financial components you must consider before purchasing a home? Why should you consider them?
-
What is mortgage refinancing? Are there any disadvantages to refinancing?
-
You are considering investing in Woolworths (ASX: WOW). You will need to make an investment recommendation based on the market and your theoretical value of Woolworths. This question is designed such...
-
Q: Karou is considering different options for financing the $12,000 balance on her planned new car purchase. The cheapest advertised rate among the local banks is 7% for 48 mo. car loan. The current...
-
Accounts Receivable Subsidiary Ledger - Hurst & Smith Plumbing Pty Ltd For Date Particulars Folio "Debit $" "Credit $" "Balance $" 1/01/22 Opening balance (Inv 0245) 995.00 2/01/22 Sales Invoice 0321...
Study smarter with the SolutionInn App