A. Three and a half years ago, Bob purchased 1200 units of a fund with an NAV of $16.75. The NAV is now $36.50 and the fund had a 7 percent redemption fee declining at 1 percent per year and based on the value of the holdings at the time of the transaction. What will be the proceeds if you sell it today? 

B. Compute the NAVPS for a mutual fund with the following information: Market value of securities in the portfolio (1.7 billion), liabilities of the fund ($75 million), and shares outstanding (80 million).  

 

C. You own 750 units of a fund with a current NAV of $15.50. Your portion of the fund distributions is $1,240.00 of dividends, capital gains, and interest earnings. What will be your total units now? 

 

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Answers A Proceeds from Selling Bobs Fund Redemption Fee Calculation Current year Y 0 since today is ... View the full answer