Question: 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

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 purchase amount.)
b. By what percentage would the net asset value of the shares have to increase for you to break even?

Step by Step Solution

★★★★★

3.30 Rating (171 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a b You must earn the load of 53 on the net asset v... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

538-B-A-I-M-H (53).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

a. If you purchased a low-load fund at $10.30 and it had a net asset value of $10.00, what is the percent load? b. If the funds net asset value went up by 33.72 percent, what would its new net asset...

As shown in Figure 55, what are the four goals under the Employment Act of 1946?

Explain why low interest rates make housing stocks and other related stocks attractive.

WIUC - INVESTMENT MANAGEMENT PRACTICE QUESTIONS SET 2 - MUTUAL FUNS (October 26, 2020) NET ASSET VALUE 1) The twenty-first century closed-end fund has GHS350 million in securities, GHSS million in...

1. A fund is set up to charge a load. Its net asset value is P16.50 and its offer price is P17.30. A. How much is the commission of the load? B. What percentage of the offer price does the commission...

c. A Ghanaian mutual fund is set up to charge a load. Its net asset value is GHS15.50 and its offer price is GHS16.70. i. What is the cedi value of the load? ii. What percentage of the offer price...

IV c. A Ghanaian mutual fund is set up to charge a load. Its net asset value is GHS15.50 and its offer price is GHS 16.70. i. What is the cedi value of the load? ii. What percentage of the offer...

please answer all of them thank you 5. An open-end fund is set up to charge a load. Its net asset value is $ 12.25, and its offer price is $13.10. (a) What is the dollar value of the load...

12) A Fund is set up to charge a load. Its net asset value is GHS 16.50 and its offer price is GHS17.30 a. What is the codi value of the load (commission)? b. What percentage of the offer price does...

Recognizing that the information provided in this chapter is not all-inclusive, what globalization trends do you feel will most likely impact Canadian companies in the next five to ten years?

Find the general solution of the following homogenous differential equations. (Using Linear Equations with Constant Coefficients) 1. (D + 5D + 6)y = 0 2. (9D2 6D + 1)y = 0 3. (D4 2D3 + D)y = 0 4....

Spencer and Camilla bought a modest home right after their wedding (Spencer did not want to live with his in-laws). The price of the home was $120,000, and they took out a $100,000 15-year mortgage...

What evidence of the self-serving bias have you observed lately?

Pegasus Corporation purchased debt investments for $40,800 on January 1, 2012. On July 1, 2012, Pegasus received cash interest of $1,660. Journalize the purchase and the receipt of interest. Assume...

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...

python 3 grid game using Zelle's graphics.py NOT turtle or pygame or any other program I have a window 400x400 which I have split up into a 10x10 'grid' using lines so each square is 40x40 pixels...

Which of the following is not a method for incorporating risk into capital budgeting? a. Positive Negative analysis b. Monte Carlo simulations c. Scenario analysis d. Sensitivity analysis e. Decision...

General Electric sold jet engines on credit to Air France and invoiced 10 million payable in six months. Currently, the six-month forward exchange rate is $1.25/ and the foreign exchange advisor for...