A Fund is set up to charge a load. Its net asset value is GHS 16.50 and
Fantastic news! We've Found the answer you've been seeking!
Question:
A Fund is set up to charge a load. Its net asset value is GHS 16.50 and its offer price is GHS17.30.
e. By what percentage would the net asset value of the shares have to increase for you to break even?
Transcribed Image Text:
a. What is the cedi value of the load (commission)? b. What percentage of the offer price does the load represent? c. What percentage of the net asset value does the load represent? d. Assume the fund increased in value by 30 pesewas the first month after you purchase 100 shares. What is the total dollar gain or loss? (Compare the total current value with the total purchase amount,.) a. What is the cedi value of the load (commission)? b. What percentage of the offer price does the load represent? c. What percentage of the net asset value does the load represent? d. Assume the fund increased in value by 30 pesewas the first month after you purchase 100 shares. What is the total dollar gain or loss? (Compare the total current value with the total purchase amount,.)
Expert Answer:
Answer rating: 100% (QA)
The cedi value of load commission Offer priceNet asset value 17301650 GHS080 b o... View the full answer
Posted Date:
Students also viewed these accounting questions
-
A research fund is set up to pay out $5000 semi-annually, indefinitely. Calculate the amount that is required today in a fund earning 2 = 8%, if the first research award is to be given in 5 years...
-
A Michelson interferometer is set up to display constructive interference (a bright central spot in the fringe pattern of Figure 33.25) using light of wavelength λ. If the wavelength is...
-
A notebook computer is set up to take maximum advantage of power saving features including shutting down the display and the hard disk after periods of inactivity. A user sometimes runs UNIX programs...
-
Calculate z(2, 3, 1), where (x, y, z) = xyz.
-
How is life insurance treated for income tax and estate tax purposes? Can estate taxation on life insurance proceeds be avoided? If so, how?
-
The Federal Reserve Bank of St. Louis is a good source for downloading economic data. Go to research.stlouisfed.org/fred2/ to extract quarterly data on gross private saving (GPSAVE) from 2008 to 2011...
-
Nuts and Cholesterol Several studies have been performed to examine the relationship between nut consumption and cholesterol levels. Here we consider two such studies. In Study 1, participants were...
-
Jordans Furniture is a unique retail chain. In fact, every one of its stores in New England is uniqueand highly profitable. And thats what caught the eye of Warren Buffett, the head of conglomerate...
-
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments-Molding and Fabrication. It started, completed, and sold...
-
The city of Belgrade, Serbia, is contemplating building a second airport to relieve congestion at the main airport and is considering two potential sites; X and Y. Hard Rock Hotels would like to...
-
Explain best practices of a reverse logistics operation. Classify the differences between forward and reverse logistics. Discuss the differences making reverse logistics different from forward...
-
Salkey Company has two owners, Gus and Jack, who are father and son. Gus owns 100 shares which he acquired in 2013 for \(\$ 15,000\). Jack owns 100 shares which he acquired in 2015 for \(\$ 21,000\)....
-
On February 15, 2016, Brent filed his 2015 income tax return (due April 15, 2016), and he paid a tax of \(\$ 15,000\) at that time. On June 10, 2017, he filed an amended 2015 return showing an...
-
Compare stopwatch time study and work sampling.
-
Hendricks Corporation has very large E\&P. On May 15, 2018, it declared a \(15 \%\) stock dividend payable to all shareholders. On September 15, 2018, when each share was worth \(\$ 500\), it...
-
Reginald filed his 2017 income tax return on January 15, 2018. On November 1, 2018, he learned that his investment of \(\$ 10,000\) in 1,000 shares of Ultimate Corp. had become worthless in 2017 ....
-
Evaluate the financial performance of the company. Use the guidequestions in presenting your answer. MCKENZIE CORPORATION'S CAPITAL BUDGETING Sam McKenzie is the founder and \( \mathrm{CEO} \) of \(...
-
What is EBIT/eps analysis? What information does it provide managers?
-
What trends are occurring in outpatient and long-term care?
-
What are some different types of hospitals, and what trends are occurring in the hospital industry?
-
Do you think that integrated delivery systems will be more or less prevalent in the future? Explain your answer.
Study smarter with the SolutionInn App