Question
In: Finance
Eveningstar open-end fund has 1,000 shares outstanding and has the following assets in the portfolio: 200...
Eveningstar open-end fund has 1,000 shares outstanding and has the following assets in the portfolio: 200 shares of P&G priced at $20; 250 shares of Intel priced at $60; and 300 shares of Microsoft priced at $50. The Morningstar closed-end fund has the following stocks in its portfolio: 200 shares of P&G and 200 shares of Microsoft. It has a total of 500 shares outstanding.
- What is the NAV of both funds?
- $45.33; $14.00
- $34.00; $28.00
- $17.00; $17.50
- $34.00; $35.00
- $45.33; $28.00
- If Eveningstar issues another 250 shares and
purchases 150 shares of Intel, what is its new NAV?
- $39.20
- $42.61
- $34.40
- $37.39
- $34.00
- If the price of P&G shares rises to $25 and the
price of Microsoft falls to $40, what is the new NAV of both funds?
Assume that Eveningstar has 1,000 shares outstanding.
- $32.00; $26.00
- $16.00; $13.00
- $17.50; $17.50
- $32.00; $17.50
- $16.00; $26.00
Solutions
jeff jeffy answered 1 year agoRelated Solutions
Use the following information to answer the following questions. Eveningstar open-end fund has 1,000 shares outstanding...
Use the following information to answer the following questions.
Eveningstar open-end fund has 1,000 shares outstanding and has the
following assets in its portfolio: 100 shares of Procter &
Gamble (P&G) priced at $30.00, 300 shares of Intel priced at
$50.00 and 200 shares of Microsoft priced at $60.00. The
Morningstar closed-end fund has the following stocks in its
portfolio: 300 shares of P&G and 300 shares of Microsoft. It
has a total of 500 shares outstanding.
a) What is...
Suppose an open end mutual fund has $10000 worth of assets. There are 1000 shares outstanding....
Suppose an open end mutual fund has $10000 worth of assets.
There are 1000 shares outstanding.
(10 points) If the fund value rises by 8% and there is a 25
basis point management fee that is subtracted from the asset value
at the end of the year, what is the return on a share of the
fund?
(10 points) Suppose that at the beginning of the year a new
investor comes in and invests another $1000. If the same return...
Suppose an open end mutual fund has $10000 worth of assets. There are 1000 shares outstanding....
Suppose an open end mutual fund has $10000 worth of
assets. There are 1000 shares outstanding.
a. If the fund value rises by 8% and there is a 25 basis
point management fee that is subtracted from the asset value at the
end of the year, what is the return on a share of the
fund?
b. Suppose that at the beginning of the year a new
investor comes in and invests another $1000. If the same return and
fees...
Open-end Fund A has 171 shares of ATT valued at $38 each and 33 shares of...
Open-end Fund A has 171 shares of ATT valued at $38 each and 33
shares of Toro valued at $78 each. Closed-end Fund B has 78 shares
of ATT and 75 shares of Toro. Both funds have 1,000 shares
outstanding.
a. What is the NAV of each fund using these
prices? (Round your answers to 3 decimal places. (e.g.,
32.161))
b. If the price of ATT stock increases to $39.25
and the price of Toro stock declines to $75.292, how...
Open-end Fund A has 171 shares of ATT valued at $38 each and 33 shares of...
Open-end Fund A has 171 shares of ATT valued at $38 each and 33
shares of Toro valued at $78 each. Closed-end Fund B has 78 shares
of ATT and 75 shares of Toro. Both funds have 1,000 shares
outstanding.
a. What is the NAV of each fund using these
prices? (Round your answers to 3 decimal places. (e.g.,
32.161))
b. If the price of ATT stock increases to $39.25
and the price of Toro stock declines to $75.292, how...
Open-end Fund A has 177 shares of ATT valued at $41 each and 36 shares of...
Open-end Fund A has 177 shares of ATT valued at $41 each and 36
shares of Toro valued at $81 each. Closed-end Fund B has 81 shares
of ATT and 78 shares of Toro. Both funds have 1,000 shares
outstanding.
a. What is the NAV of each fund using these prices? (Round your
answers to 3 decimal places. (e.g., 32.161))
b. If the price of ATT stock increases to $42.25 and the price
of Toro stock declines to $78.292, how...
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 10,000 $ 90...
An open-end mutual fund has the following stocks:
Stock
Shares
Stock Price
A
10,000
$
90
B
33,000
19
C
10,000
73
D
71,000
14
If there are 58,000 shares of the mutual fund, what is the NAV?
(Do not round intermediate calculations. Round your answer
to 2 decimal places.)
An open-end mutual fund has the following assets. Please calculate Net Asset Value per share and...
An open-end mutual fund has the following assets. Please
calculate Net Asset Value per share and total cost of buying one
share of the mutual fund.
Stock
Shares
Price
A
2,000,000
$45.00
B
2,000,000
$78.00
C
2,000,000
$13.00
D
2,000,000
$26.00
Item
Value
front-end load
$10 per share
back-end load
$5 per share
current mutual fund shares
2,000,000
management fees
0.15% per month
What is the NAV?
What is Total Purchasing Cost Per Fund share?
An open-end mutual fund has the following assets. Please calculate Net Asset Value per share and...
An open-end mutual fund has the following assets. Please
calculate Net Asset Value per share and total cost of buying one
share of the mutual fund.
Stock
Shares
Price
A
2,000,000
$45.00
B
2,000,000
$78.00
C
2,000,000
$13.00
D
2,000,000
$26.00
Item
Value
front-end load
$10 per share
back-end load
$5 per share
current mutual fund shares
2,000,000
management fees
0.15% per month
NAV = $
Total Purchasing Cost per fund share = $
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 6,000 89 B...
An open-end mutual fund has the following stocks:
Stock
Shares
Stock Price
A
6,000
89
B
33,000
22
C
5,200
91
D
73,500
13
If there are 50,000 shares of the
mutual fund, what is the NAV?
Suppose the fund in the previous problem has liabilities of
$110,000. What is the NAV of the fund now?
In the previous problem (#2), assume the fund is sold with a
5.50 percent front-end load. What is the offering price of the
fund?...
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