Question: QUESTION Using the FCA ( Financial Conduct Authority ) formula, calculate the maximum Offer price and the minimum Bid price of the units in a

QUESTION

Using the FCA ( Financial Conduct Authority ) formula, calculate the maximum Offer price and the minimum Bid price of the units in a fund, given the following information:

Market price of Offer Units 5.25 million

Market price of Bid units 5.0 million

Assumed broker fees (for both bid/offer) 0.25%

Accrued Income 4.25p

Total number of Units in circulation 2,500,000

Initial Charge 7%

thanks

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 Accounting Questions!

QUESTION Using the FCA ( Financial Conduct Authority ) formula, calculate the maximum Offer price and the minimum Bid price of the units in a fund, given the following information: Market price of...

MODULE CODE: 44-700131-BF-2020 QUESTION 8 ( 4 MARKS) Using the FCA ( Financial Conduct Authority ) formula, calculate the maximum Offer price and the minimum Bid price of the units in a fund, given...

MODULE CODE: 44-700131-BF-2020 QUESTION 8 ( 4 MARKS) Using the FCA ( Financial Conduct Authority ) formula, calculate the maximum Offer price and the minimumn Bid price of the units in a fund, given...

sir , please solve it Using the FCA ( Financial Conduct Authority ) formula, calculate the maximum Offer price and the minimum Bid price of the units in a fund, given the following information:...

It was late Sunday night, and Jassir Amor was getting weary. The big presentation was set for 8 am the next day, and Jassir kept remember- ing what Greg LeBlanc, the chairman of the mergers and...

A. Briefly, summarize the key facts of the case, identify the problem/decision, and explain why it is important. B. Based on the data and information provided in the case, please respond to the...

I have to do an accounting assignment. I have attached the instructions, the questions, and pdf's containing the information requested for the questions. Company Estimates & Opinions Sanmina Corp...

QUESTION 5 1 points Save Answer An underwriter has determined its exposure for a household insurance policy and the risk factors associated with it. In order to assess the risk over time, the...

I posted two annual reports one is Microsoft and other one is Game Stop can i plzz know what are the similarity and difference Dividends we paid cast dividends of $40.5 million, $17.4 milion and...

Write a detailed paper on Managing & Appraising Employees Work

Assuming that interest is 16% compounded quarterly, which amount is worth more: MWK 10,000.00 today or a 5 year annuity of MWK1000.00 each quarter

Provide the answers for the following for Case 2 - 2 6 : Plantwide vs . Departmental Overhead Rates; Pricing. p . 5 4

If a minor has paid more than he or she should have been charged, then he or she can: Select one: 1 . seek for specific performance. 2 . not file a civil suit against the other party. 3 . recover...

The banks. As major shareholders in privatized companies, and creditors of technically bankrupt companies, banks have a say in systems of ownership and control, and the nature of the company policy...

A lack of commitment to the organization. Western managers can help to foster organizational commitment through promoting the organization as a stable ongoing entity, which employees and managers can...

Lack of personal accountability and responsibility. Rewards can be tied to effort.