Malik David purchased 100 shares of the Canadian Textile Fund at CAD 25 at the beginning...

Malik David purchased 100 shares of the Canadian Textile Fund at CAD 25 at the beginning of the year and was subject to a front-end load of 4.5%. The net asset value of the fund increased by 11% during the year while the fund's expense ratio was 1.2%. The annual return earned by David if he sells at year's end is closest to:

Group of answer choices

4.50%.

4.86%.

5.30%.

9.82%.

Expert Solution

jeff jeffy answered 5 months ago

Daphne, an international insurance fund manager, plans to sell equities denominated in Canadian $ (CAD) and...

Daphne, an international insurance fund manager, plans to sell equities denominated in Canadian $ (CAD) and purchase an equivalent amount of equities denominated in Euro (€). Daphne will realize net proceeds of 10 million CAD at the end of 90 days and wants to eliminate the risk that the Euro will appreciate relative to the CAD during this 90-day period. The following exhibit shows current exchange rates between the CAD, Euro, and the U.S. dollar (USD). Currency Exchange Rates CAD/USD...

1.) Assume you purchased 100 shares of Zoomer Corp's stock on margin at the beginning of...

1.) Assume you purchased 100 shares of Zoomer Corp's stock on margin at the beginning of the year for $40 per share. You use $2500 of your own funds and borrow $1500 from the broker. Maintenance Margin requirement is 25%. a) At what price would you receive a margin call (ignore interest)? b) Annual interest cost is 4% on the margin account loan. What is your rate of return on your investment if Zoomer's stock is $44.50 per share after...

FX Basics a. Your Canadian friend owes you USD 100. The current USD/CAD exchange rate is...

FX Basics a. Your Canadian friend owes you USD 100. The current USD/CAD exchange rate is at 0.80. You are OK with being paid in CAD. How many CAD do you request from your friend? b. If the JPY/EUR exchange rate is 150.00 JPY/EUR and it takes 50.00 THB (Thai Baht) to purchase one EUR, what is the price of a Baht expressed in Yen (i.e., JPY/THB rate)? c. You observe the USD/EUR exchange rate at 1.26 today, while it...

XYZ Canadian growth fund sells three classes of shares. Class A shares charge back end load...

XYZ Canadian growth fund sells three classes of shares. Class A shares charge back end load scheduled as below: If you sell: within one year of buying 6% within two years of buying 5.5% within three years of buying 5.0% within four years of buying 4.5% within five years of buying 3.0% within six years of buying 1.5% after six years 0% Class B shares charge front end load of 2%. Class F shares do not charge front end load...

A mutual fund holds the following assets at the beginning of the year: 9,400 shares of...

A mutual fund holds the following assets at the beginning of the year: 9,400 shares of FB, price $180 1250 shares of AMZN, price $1100 1100 shares of GOOG, price $950 The mutual fund has 102,000 number of shares issued at this point. The mutual fund has 1.2% operating expenses, 0.5% 12b-1 fees and a 4% front-end load. Expenses and fees are deducted from assets at the end of the year. At the end of the year, the assets held...

A mutual fund holds the following assets at the beginning of the year: 8,000 shares of...

A mutual fund holds the following assets at the beginning of the year: 8,000 shares of FB, price $180 1250 shares of AMZN, price $1100 1100 shares of GOOG, price $950 The mutual fund has 910,000 number of shares issued at this point. The mutual fund has 1.2% operating expenses, 0.5% 12b-1 fees and a 4% front-end load. Expenses and fees are deducted from assets at the end of the year. At the end of the year, the assets held...

You purchased 250 shares of a particular stock at the beginning of the year at a...

You purchased 250 shares of a particular stock at the beginning of the year at a price of $87.25. The stock paid a dividend of $1.15 per share, and the stock price at the end of the year was $94.86. (4 points) a) What was the dividend yield? b) What was the capital gains yield?

Nataya makes monthly deposits into Fund A at the beginning of each month for 25 years....

Nataya makes monthly deposits into Fund A at the beginning of each month for 25 years. Her first deposit is $40, and each subsequent deposit increases by $10. Aarif contributes $250,000 once, today, into Fund B. The nominal rate that both of these funds earn is 6% per year. However, Fund A compounds interest monthly and Fund B compounds interest quarterly. What is the difference in the balance between these two funds at the end of 25 years?

You purchased shares in Home Depot at the beginning of the year for $55 a share....

You purchased shares in Home Depot at the beginning of the year for $55 a share. Home Depot paid a $3 dividend throughout the year, and its share price ended the year at $50. If inflation that year was 3%, what was the real holding-period return for the year? Multiple Choice -6.44% -6.36% -11.74% -3.64%

You purchased 1,000 shares of the New Fund at a price of $35 per share at...

You purchased 1,000 shares of the New Fund at a price of $35 per share at the beginning of the year. You paid a front-end load of 4%. The securities in which the fund invests increase in value by 12% during the year. The fund's expense ratio is 1.2%. What is your rate of return on the fund if you sell your shares at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal...

Question