If a mutual fund's net asset value is $23.60 and the fund sells its shares for $25.30, what is the load fee as a percentage of the net asset value?
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If a mutual fund's net asset value is $23.60 and the fund sells its shares for $25.30, what is the load fee as a percentage of the net asset value?
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- If a mutual fund's net asset value is $23.70 and the fund sells its shares for $25.30, what is the load fee as a percentage of the net asset value? Round your answer to two decimal places. %Calculate the total cost in dollar proceeds and dollars total gain or loss in dollars and return on investment for the mutual fund investment. The offer price is the purchase price of the shares and the net asset value is the price at which the shares were later sold. Round your return on investment to one decimal place.?Q1. What is a mutual fund? In what sense is it a financial institution?. Q2. How is the net asset value (NAV) of a mutual fund determined? What is meant by the term marked-to-market daily? Q3. An investor purchases a mutual fund for $50. The fund pays dividends of $1.50, distributes a capital gain $2, and charges a fee of $2 when the fund is sold on year for $52.50. What is the net rate of return from this insurance? Formula for Question 3: Net gain = Dividend + capital gain + profit from fund sold – fee
- An investor purchases a mutual fund for $50. The fund pays dividends of $1.50, distributes a capital gain $2, and charges a fee of $2 when the fund is sold on year for $52.50. What is the net rate of return from this insurance?The market value of a mutual fund's assets divided by the number of fund shares outstanding is equal to the A. Load charge B. Net Asset Value (NAV) C. Expense Ratio D. 12b-1 feeAn investor purchases a mutual fund share for $100.2. The fund pays dividends of $2.2, distributes a capital gain of $1.1, and charges a fee of $3 when the fund is sold one year later for $95.3. What is the net rate of return from this investment? (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))
- You purchase a mutual fund for $17.23 The fund's NAV is $17.00 (the load fee was .23 cents). The NAV subsequently rises to $22.00, and you redeem the shares. What is the percentage return on your investmentCalculate the sales charge and dollars and the sales charge percent for the mutual fund round percents to one decimal place?The cost of investing in a mutual fund is measured by the: A B C D front load cost expense ratio comparative performance of the fund to the Standard and Poor's 500 index taxation of distributions at the investor level
- A mutual fund has a current offering price of $53.21. What is the net asset value if the fund charges a 3 percent front-end load? A. $51.61 B. $51.66 C. $54.57 D. $54.86 E. $54.91Suppose you own a mutual fund which has 11,326,555 shares outstanding. If its total assets are $70,111,050 and its liabilities are $12,444,100, find the net asset value of the fund.How is the net asset value (NAV) of a mutual fund determined? What is meant by the term marked-to-market daily?