One year ago, the Tyler Rose closed-end fund had a NAV of $35.19 and was selling at an 11% discount. Today, the fund has a NAV of $36.42 and is selling at a 7.5% premium. During the year, the fund paid a dividend distribution of $.48 and a capital gain distribution of $.97.

A. Calculate the NAV-based HPR for the fund for the year.

B. Calculate the market-based HPR for the fund for the year.

C. Recalculate the market-based HPR for the fund for the year, assuming the fund was selling at an 8.8% premium at the beginning of the year and an 11.3% discount at the end of the year.

A closed container at 58.1˚C and 285 mm Hg contains a mixture of n-heptane and cyclohexane. Both liquid and vapor phases exist in equilibrium, and the vapor phase contains 32 mol % n-heptane. a) Calculate the mole fractions of the liquid phases. b) Now, the pressure in the container doubles, will the saturation pressure of n-heptane increase, decrease, or stay the same? Justify your answer

Problem 3.034

A closed, rigid tank is filled with water. Initially, the tank holds 0.4 lb of saturated vapor and 4.0 lb of saturated liquid, each at 212°F. The water is heated until the tank contains only saturated vapor. Kinetic and potential energy effects can be ignored.  

Determine the volume of the tank, in ft³, the temperature at the final state, in °F, and the heat transfer, in Btu.

Consider two long wire with negligible resistance closed at one end of the resistance R (say a light bulb), and the other end connected to a battery (DC voltage). Cross-sectional radius of each wire is in x=100 times smaller than the distance between the axes of the wires.

Question:

At which value of resistance R (in ohms) the resultant force of the interaction of parallel conductors disappears?

5. You have been asked to appraise a closed Burger King on Hwy. 1 in Virginia Commons. The building was built 5 years ago, but has been vacant for the last 2. Vacant buildings tend to deteriorate faster than occupied buildings. For this reason you estimate the age of the building at 9 years. Fast food restaurants have an expected economic life of 20 years. The building is 2,100 square feet and sits on a lot that is 4,200 square feet. A lot just south of the subject sold recently for $18.50 a square foot. Fast food restaurant construction costs average $210 per square foot. What is your estimate of the value of this property (hint – cost approach)?

supply and demand curve:

Hurricane Katrina closed all refineries on the Gulf Coast, while the Chevy Volt, an electric car, is released. What effect will this have on the market for gasoline? Draw and the graph and explain which curve shift first and, then what cause the second curve to shift. Final what happens to price and quantity at the nee equilibrium point?

Consider the simple closed economy of Plantersville with only three goods: computers, peanuts and peanut butter. There is no government, and no international trade.  Note the following very important information:

1. Computers and peanut butter are final goods only.
2. Peanuts are consumed by households as a final good AND are used as an intermediate good by firms in the production of peanut butter.
3. It takes 1/2 pound of peanuts to make each jar of peanut butter.

The table below provides ALL the information you need to know on prices and total output/production in 2017.

What is the current value of Plantersville's GDP? Just use numbers; no spaces, no commas, no decimal points.

In a closed-market economy with unionized labor, suppose unions suddenly get a significant negotiation power on labor contracts at time t∗ and thereby enforced a real wage rate that is 10 percent higher than the market-clearing real wage rate. What would be the effect of this on unemployment, rental rate of capital, real interest rate in long run and very-long run? What would be the effect of using expansionary fiscal policy against this? Explain in detail by showing the changes in the relevant markets.

Construct a closed PV-cycle for a gas of N= 12^22 particles, so that the final point is equal to the initial point. For each step and assuming that this is an ideal gas (so PV=NkT) and also that there is no loss of heat due to inefficiency, a) calculate/estimate the total work done BY the system (not ON the system) for each step (if your step isn't 'straight', you'll have to approximate the area under the curve), b) for each step, use the ideal gas law to estimate the temperatures at the endpoints of each step, and therefore the change in internal energy U, c) combining b) with a), estimate the heat added or withdrawn from the system for each step.

3. Use relevant diagrams to answer the following:

(Assume a closed economy unless stated otherwise)

a. The stock market just crashed; the Dow Jones Industrial Average fell by 750 points. How does this impact the goods market equilibrium interest rate, savings and investment?

b. Suppose your company is in equilibrium, with its capital stock at its desired level. A permanent decline in the expected real interest rate now has what effect on your desired capital stock?

c. If consumers foresee future taxes completely, what would be the impact of reduction in taxes this year that is accompanied by an offsetting increase in future taxes, on the goods market equilibrium. (Assumes that taxes don’t impact investment decisions and also assume consumption smoothing)

d. The tax code changes so that business firms face higher tax rates on their revenue (offset by other lump-sum tax changes so there's no overall change in tax revenue). What happens to saving, investment, real interest rate and current account balance in a small open economy.