Carley Montoya invests $6,500 into a mutual fund for which the transaction fee is 5%. If the

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

Question:

Carley Montoya invests $6,500 into a mutual fund for which the transaction fee is 5%. If the net asset value per share of the fund is $39.23, how many shares can Carley purchase? Round to the nearest thousandth.

Related Book For answer-question

Investments Analysis and Management

ISBN: 978-1118363294

12th edition

Authors: Charles P. Jones

See More Books

Posted Date: Feb 13, 2023 11:49 PM

See More Questions

Can the market value per share of stock be determined by the information on the income statement?
What is a mutual funds net asset value per share (NAVPS)? How is the NAVPS calculated and reported?
The net asset value per share for the T. Rowe Price Global Stock Fund at the beginning of one recent year was $13.07. During the year the fund earned $.03 in net investment income and $1.52 in "net...
At t = 0, a particle is traveling parallel to very large insulating plate at a 0.360 m distance with a speed of 980 m/s. Consider that the insulating plate has uniform surface charge density 2.34. x...
1. Should Oceanside have a specific process to manage future changes and enhancements? What should it be? 2. What about version control? Should Oceanside institute a maintenance release methodology?...
The motion of the outer frame B is given by x B = b sin wt. For what range of the driving frequency w is the amplitude of the motion of the mass m relative to the frame less than 2b? XB = b sin ot...
The factor $j_{\mathrm{D}}$ is also used in the correlation. This is defined as \[j_{\mathrm{D}}=S t(S c)^{2 / 3}=\frac{k_{\mathrm{m}}}{v_{\text {ref }}}(S c)^{2 / 3}\] where $S t$ is the Stanton...
When companies venture abroad, managers seek information on the legal and political environments in each country. This information is available from various Web sources, as illustrated in the...
Discuss the 4 types of dividends.Whichof the 4 isused most often, and why?What may happen to a company's share price when dividends areannounced orpaid?Why do you think this is so?
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
.In which of the following molecule evn (observed dipole moment) is found to be greater than Hth. (expected dipole moment) ? CH3 OH Cl F (a)POCI3 (b) (c) HNC (d)
Using the Internet and search engines, locate the Web site of one of several legal databases to expand your depth of knowledge of the legal terms related to the kinds of contracts described in the...
Define the following terms: bankruptcy law, Chapter 11, Chapter 7, trustee, voluntary bankruptcy, and involuntary bankruptcy.
Compare the Sarbanes-Oxley (SOX) Act of 2002 and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 with respect to their impact on whistleblowing.
For a normal distribution, what is the probability of being within 1 standard deviation of the expected value? (68.26%)
Examine a YouTube ad for a new product or service that you have never seen. Evaluate its chances for receiving wide customer acceptance. Does this product require a large amount of personal-selling...
Heart Limited has one bond in issue expiring in eight years, paying 0 coupon and has a face value of $1000. It is currently traded at $720, Beta =1.2, risk free rate is 2%, historic market risk...
A new car sold for $31,000. If the vehicle loses 15% of its value each year, how much will it be worth after 10 years?
If the correlations among country returns have increased in recent years, should U.S. investors give up, or decrease significantly, their positions in foreign securities?
An investor purchases the common stock of a well-known company, Toma Inc., for $25 per share. The expected dividend for the next year is $3 per share, and the investor is confident that the stock can...
a. Calculate the average daily change in the Index, shown to 6 decimal places. b. State the average daily change in the S&P 500 Index for the month of November 2012 as a percentage. c. State the...
Consider the situation illustrated in Figure 25. 11. A positively charged particle is lifted against the uniform electric field of a negatively charged plate. Ignoring any gravitational interactions,...
A positively charged particle is moved from point A to point B in the electric field of the massive, stationary, positively charged object in Figure 25. 12. (a) Is the electrostatic work done on the...
Two metallic spheres A and B are placed on nonconducting stands. Sphere A carries a positive charge, and sphere B is electrically neutral. The two spheres are connected to each other via a wire, and...

Carley Montoya invests $6,500 into a mutual fund for which the transaction fee is 5%. If the

Question:

Expert Answer:

Calculation of net amount invested after charging t... View the full answer

Investments Analysis and Management

Students also viewed these accounting questions