Question: PLEASE ANSWER QUESTIONS CORRECTLY AND LABEL THEM AS WELL The Focus Fund is a mutual fund that holds long-term positions in a small number of

PLEASE ANSWER QUESTIONS CORRECTLY AND LABEL THEM AS WELL

The Focus Fund is a mutual fund that holds long-term positions in a small number of nondividend-paying stocks. Its holdings at the end of two recent years are as follows. At the end of both years, Focus Fund had 5,405,000 shares outstanding. a. Calculate the net asset value for a share of the Focus Fund at the end of Year 1 , being sure to include the cash position in the net total portfolio value. Do not round interned ste calculations. Round your answer to the noarest cent. 5 b. Immediately after cakulating its Year 1 NAV, Focus Fund sold its position in stock L and purchased its position in Stock M (both trantactions were done at Year 1 prices) Calculate the Year 2 NAV for Focus Fund, and compute the growth rate in the fund share value on a percentage basis. Do not round intermediate calculations. Round your answer for NaV to the nearest cent and for the growth rate to two decimal places. Calculate the Year 2 NAV for Focus Fund, and compute the growth rate in the fund share value on a percentage basis. Do not round intermediate caiculations. Round your answer for NAV to the nearest cent and for the growth rate to two decimal places. Year 2NAV:$ Crowth rate: c. At the end of Year 2, how many fund shares of the Focus fund could the manager redeem without having to liquidate her stock positions (that is using only the cash account)? Do not round intermediate calculations. Round your answer to the nearest whole number, Use unrounded values from previous parts. shares d. If immediately after calculating the Year 2 NAV the manager received investor redemption requests for 500,000 shares, haw many shares of each stock would she have to sell in order to maintain the same proportional ownership position in each stock? Assume that she liquldates the entire cash position before she sells any stock holdings, Do not round intermediate calculations. Round your answers to the nearest whole number. If your answer is zero, enter " 0 ", Use unrounded values from previous parts

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!

PLEASE ANSWER ALL THE QUESTIONS CORRECTLY Problem 17-07 The Focus fund is a mutual fund that holds long-term positions in a small number of nondividend-paying stocks, its boldings at the end of fwo...

Please Help!!! Problem 17-07 The Focus Fund is a mutual fund that holds long-term positions in a small number of nondividend-paying stocks. Its holdings at the end of two recent years are as follows:...

Need help on part D. :) The Focus Fund is a mutual fund that holds long-term positions in a small number of nondividend-paying stocks. Its holdings at the end of two recent years are as follows: YEAR...

Problem 17-07 The Focus Fund is a mutual fund that holds long-term positions in a small number of nondividend-paying stocks. Its holdings at the end of two recent years are as follows: YEAR 1 YEAR 2...

The Focus Fund is a mutual fund that holds long-term positions in a small number of nondividend-paying stocks. Its holdings at the end of two recent years are as follows: YEAR 1 YEAR 2 Stock Shares...

The focus Fund is a mutual fund that holds long-term positions in a small number of nondividend-paying stocks. Its holdings af the end of two recent years are as fallows: At the end of both years,...

Problem 17-07 The Focus Fund is a mutual fund that holds long-term positions in a small number of non-dividend-paying stocks. Its holdings at the end of two recent years are as follows: YEAR 1 YEAR 2...

Indicate in which of these five journals each transaction described below will be journalized: 1. SJ 2. PJ 3. CRJ 4. CPJ 5. GJ _____ a. Issued credit memo No. 2, $130 + 5% GST. _____ b. Cash sales,...

Michelin, the 118-year-old French manufacturer of tires, is a worldwide leader in tire sales. But there are plenty of challenges. One is the growth of low-cost tire producers in Southeast Asia and...

Which of the following statements about insurable value are correct? Multiple select question. Insurance will not cover disasters such as earthquakes, flooding, or landslides. Not all the value of a...

Find a current event, within the last year, that involved a crisis or scandal. Give a brief synopsis of the company and the issue, and the company's communication approach to the crisis.Do you feel...

7. True or False: Real GDP is more volatile (variable) than gross investment. LO30.4

8. If a $50 billion initial increase in spending leads to a $250 billion change in real GDP, how big is the multiplier? LO30.5 a. 1.0. b. 2.5. c. 4.0. d. 5.0.

4. If the CPI was 110 last year and is 121 this year, what is this years rate of inflation? In contrast, suppose that the CPI was 110 last year and is 108 this year. What is this years rate of...