Question: False 5 points 1. QUESTION 9 Use the following to answer the next two questions. You inrested $75,000 in a mutual fund last year. At

False 5 points 1. QUESTION 9 Use the following to answer

False 5 points 1. QUESTION 9 Use the following to answer the next two questions. You inrested $75,000 in a mutual fund last year. At the time you opened your account, the mutual fund shares had a NAV of $50. The fund charges a 2% front-end load and a 49 back-end load. During the course of your investment you received S6 per share in dividends, which you reinvested in the fund at a price of $45 share. The fund's NAV was $48 at the time you closed your account. Find the total number of shares you owned after you reinvested your dividends. Round intermediate steps to four decimals and your final answer to the nearest whole share

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

July Enterprises purchased equipment on March 1, 2022, for $75,000. The company also paid the following amounts: $500 for freight charges; $2,100 to train employees to use the new equipment; and...

QUESTION 13 Use the following to answer the next two questions. You invested $50,000 in a mutual fund last year. At the time you opened your account, the mutual fund shares had a NAV of $50. The fund...

QUESTION 7 Use the following to answer the next two questions. You invested $100,000 in a mutual fund last year. At the time you opened your account, the fund had a NAV of $40. The fund charges a 5%...

Sharpcollectedrentinadvanceof$525,000fromitstenantsduringthecurrentyear.TheadjustedbalanceintheUnearnedRentaccountincreasedfrom$245,000to$378,000duringtheyear.WhatisSharp'srevenuefromrentforthecurrent...

CONCORDIA UNIVERSITY Department of Economics ECON 203 SAMPLE MIDTERM EXAMINATION WITH ANSWERS Multiple Choice Questions (2 marks each). 1.Gross domestic product (GDP) equals the ______ of final...

Use the following to answer the next two questions: You invested $100,000 in a mutual fund last year. At the time you opened your account, the mutual fund shares had a NAV of $20. The fund charges a...

Need help figuring out problem #40, #42, and #45 in the attached document. I have the answers for the problems, but need to see how they are worked out. FIN 142 - Real Estate Finance Problem Set 2 1....

This is tabag income taxation for co-ownership, estate and trust. Chapter Exercises - Co-ownership, Estates and Trust. 6. Question 1: Is a co-ownership taxable? Question 2: Is the share of co-owner...

ANSWER ALL QUESTIONS This can be. done by going through each problem step by step. Please make sure the answer is correct. Closing entries may involve posting a debit to the: Accumulated Depreciation...

Seattle Roast Coffee Company produces Columbian coffee in batches of 8,000 pounds. The standard quantity of materials required in the process is 8,000 pounds, which cost $5.00 per pound. Columbian...

Assess the intervention and turnaround by Bob Cooper of Signit Ventures that lead Dave from Faxtech to TTI. How important was Steve Oldham, the turnaround specialist assisting with Faxtech in the...

Question 3 ( 2 0 marks ) Big Daddy Limited is a Walvis Bay based company that manufactures world class garments for the consumers in Namibia and abroad. As part of their diversification strategy, the...

Victoria Company is expected to pay a dividend of $7 in the coming year, 10 years ago VC paid a dividend of $4.00. VC Dividends are expected to grow at the same historical rate forever. The risk-free...