Suppose the fund in Problem 5 has liabilities of $110,000. What is the NAV of the fund

Question:

Suppose the fund in Problem 5 has liabilities of $110,000. What is the NAV of the fund now?

Data From Problem 5

An open-end mutual fund has the following stocks: Stock Shares Stock Price 6,000 $98 33,000 19 4,600 89 D 82,500 12

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals of Investments, Valuation and Management

ISBN: 978-1259720697

8th edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

See More Books

Question Posted: Nov 15, 2018 04:53 AM

See More Questions

In Problem 6, assume the fund is sold with a 6.25 percent front-end load. What is the offering price of the fund? Data From Problem 6 Suppose the fund in Problem 5 has liabilities of $110,000. What...
1. Suppose a firm had an extraordinary loss of $ 300,000. If the firms tax rate is 35%, how will the loss be shown in the financial statements? a. On the income statement, below income from...
The X Fund, a closed-end investment company, has a portfolio of assets worth $500 million. It has liabilities of $2 million. It also has 40 million shares outstanding. a. What is the fund's NAV? b....
In 2020, Neighbor Co-Op Inc. sells 1,100 beverages in glass bottles and receives a $1.00 deposit for each returnable bottle sold. As of December 31, 2020, a total of 880 glass bottles were returned...
Does the air exert a buoyant force on all objects in air or on only objects such as balloons that are very light for their size?
What are the reasons why, even if it is in the best interests of every other country to limit prescription drug prices, it might not be in the best interests of the United States to limit those...
Repeat the azeotrope formation case study for cyclic (naphthenic) and cyclic (aromatic) compounds that form azeotropes with ethanol. Also, repeat the azeotrope formation case study to identify all...
The King Corporation has total annual revenue of $800,000; expenses other than depreciation of $350,000; depreciation expense of $200,000 for tax purposes; and depreciation expense of $130,000 for...
What are the key considerations in integrating hazard analysis with system safety engineering and risk management frameworks, such as ISO 31000 and ANSI/ASSP Z590.3? Discuss the synergies and...
A l0-mm-diameter copper sphere, initially at a uniform temperature of 50C, is placed in a large container filled with saturated steam at I atm. Using the lumped capacitance method, estimate the time...
An open-end mutual fund has the following stocks: If there are 50,000 shares of the mutual fund, what is the NAV? Stock Shares Stock Price 6,000 $98 33,000 19 4,600 89 D 82,500 12
Prove that E[b'b] = ' + 2 K k=1 (1/ k ) where b is the ordinary least squares estimator and k is a characteristic root of X'X.
Harvey sells his personal residence on March 18, 2017, for $78,000. He paid $86,000 for it on April 22, 2015.
You can afford a $400 per month car payment. You've found a 5 year loan at 7% interest. How big of a loan can you afford? $ Submit Question
A capital project at a cost of $10,000 should generate cash flow of $1000 in one year, then cash flow of $1100 in three semesters, then cash flow of $1200 in two years, then cash flow of 1300 $ at...
You have $300,000 saved for retirement. Your account earns 9% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 15 years? $ Submit Question
If 2.2 lbs = 1.0 kg and a student weighs 130 lbs, what is the students weight in Newtons? What will be the final velocity of a 5.0 g bullet starting from rest if a net force of 45 N is applied over a...
other word for modest in this sentence: Despite modest productivity increases, the financial advantages surpass the expenses, making the process profitable after reaching the break-even point.
During the first month of operations ended May 31, 2012, Dorm Fridge Company manufactured 12,500 microwaves, of which 11,700 were sold. Operating data for the month are summarized as follows: 1....
A company has the following incomplete production budget data for the first quarter: In the previous December, ending inventory was 200 units, which was the minimum required, at 10% of projected...
A STRIPS traded on May 1, 2016, matures in 18 years on May 1, 2034. Assuming a 4.1 percent yield to maturity, what is the STRIPS price?
Calculate the following: a. The current market conversion price for the Sands convertible bond. b. The expected one-year rate of return for the Sands convertible bond. c. The expected one-year rate...
A Treasury bond with the longest maturity (30 years) has an ask price quoted at 99.4375. The coupon rate is 4.6 percent, paid semiannually. What is the yield to maturity of this bond?
The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced 1st Quarter 2nd Quarter 3rd...
You go to the hardware store to buy a new 50 ft garden hose. You find you can choose between hoses of inch and inch inner diameter. Compare the rate at which water flows through the two types of...
Miller Company's contribution format income statement for the most recent month is shown below: Sales (32,000 units) Variable expenses Total $ 224,000 128,000 Contribution margin 96,000 Per Unit $...

Suppose the fund in Problem 5 has liabilities of $110,000. What is the NAV of the fund

Question:

Stock Shares Stock Price 6,000 $98 33,000 19 4,600 89 D 82,500 12

Step by Step Answer:

NAV 26...View the full answer

Fundamentals of Investments, Valuation and Management

Students also viewed these Business questions