Calculate the premium or discount percentage on the fund, if the fund has total assets of $830 million and $420,000 of liabilities. At present, 44 million shares are outstanding, and the current market price is $19.5. A. 4.45% discount B. 5.85% premium C. 3.45% discount D. 3.43 % premium

Calculate the premium or discount percentage on the fund, if the fund has total assets of $830 million and $420,000 of liabilities. At present, 44 million shares are outstanding, and the current market price is $19.5. A. 4.45% discount B. 5.85% premium C. 3.45% discount D. 3.43 % premium

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter3: Data Visualization

Section: Chapter Questions

Problem 6P: The file MutualFunds contains a data set with information for 45 mutual funds that are part of the...

See similar textbooks

Related questions

Q: The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 200,000 $…

A: PORTFOLIO TURNOVER RATE FORMULA: Portfolio turnover =minmum of sold or purchasesNAV

Q: Calculate the sales charge (in $) and sales charge percent for the mutual fund. (Round percents to…

A: Sales charge in a mutual fund refers to the commission that is paid to the financial intermediary on…

Q: On February 9, 2020, the market value of the investments contained in the All Star Stock Fund, a…

A: Market Value of the mutual fund = $21,200,000 Liabilities for the fund = $2,544,000 Net Asset Value…

Q: If a mutual fund's net asset value is $23.90 and the fund sells its shares for $25.50, what is the…

A: Load fee can be computed by taking the variance of selling price and NAV of a mutual fund and then…

Q: A $20 million fund with 10% incentive fees and 1% management fees that lasts 4 years, earns a profit…

A: Hurdle rate: It is the minimum return that is required by an investor on an investment project.

Q: On October 24, 2020, the market value of the investments contained in the Global Investment Fund, a…

A: The net value per share (NVPS) represents the worth of one share or one fund. The net value per…

Q: From the following details prepare a statement of proprietary fund with as many details as possible.

A: Computation of Sales Gross Profit turnover ratio = 20% Gross Profit = Rs. 60,000 Gross Profit…

Q: Consider an open-end mutual fund with 2 million shares outstanding, liabilities of $5 million, and…

A: Net Asset Value= Market Value of Assets - Liabilities

Q: onsider a no-load mutual fund with $457 million in assets and 12 million shares at the start of the…

A: …

Q: Mutual funds charge their clients an “expense ratio” for managing yourfunds. A 1.5% annual expense…

A: The future value is the future worth of cash flow at a certain rate of interest after a certain…

Q: Suppose a bond fund has an initial portfolio value of $100 million. The following table provides the…

A: Doller weighted return Doller weighted rate of return is a measure to identify the performance of an…

Q: $1,000 is invested in a fund at the beginning of the year. The fund rate of return is 8% for the…

A: Investment amount = $1000 Interest rate is divided semi annually First half year, Interest rate = 8%…

Q: Consider a no-load mutual fund with $457 million in assets and 12 million shares at the start of the…

A: The question is based on the concept of mutual fund

Q: Assume a fund has securities worth ₱140 million, liabilities of ₱5 million, 10 million shares…

Q: A mutual fund has total assets of $35,000,000 $5,000,000. There are 1,200,000 shares and total…

A: Total assets = $35,000,000 Total liabilities = $ 5,000,000 Number of shares = 1,200,00

Q: You have $15,000 to invest in a mutual fund. You choose a fund with a 3.5 percent front load, a 1.75…

A: The net annual rate of return is providing information that with the security investment, what…

Q: )The twenty-first century closed-end fund has GHS350 million in securities, GHS8 million in…

A: Net Asset Value: It is the total sum of total assets less total liabilities divided by total…

Q: You are given the the information below on a mutual fund. What is the arithmetic average? Year 1…

A: A compound average return on stock each year is known as the 1-year return of that stock.

Q: If a mutual fund's net asset value is $23.70 and the fund sells its shares for $25.30, what is the…

A: NAV = $23.70 Selling Value =$25.30

Q: Suppose a mutal fund has total assets of $25500000 and liabilities of 2100000. Currently there are…

A: Given data; total assets = $25,500,000 Labilities = $ 2,100,000 shares outstanding = 10,200,000

Q: If a mutual fund's net asset value is $24.00 and the fund sells its shares for $25.20, what is the…

A: load fee as a percentage of net asset value =( (sale value of share - net asset value)/ net asset…

Q: A mutual fund had average daily assets of $4.0 billion in 2016. The fund sold $1.5 billion worth of…

A: Fund's Turnover Ratio = Stock Sold / Average daily assets

Q: A closed-end fund starts the year with a net asset value of $12.00. By year-end, NAV equals $12.10.…

A: Rate of return represents the gain or loss in terms of percentage which an investor is expected to…

Q: Consider the following trading and performance data for four different equity mutual funds:…

A: Part (a)Portfolio turnover ratio = Last year's security sale / Asset under management.Please see…

Q: The cashflow below represents the amount invested by a company into a special purpose fund starting…

A: The purchasing power will be the future value of the cash flows at the market rate of interest and…

Q: Consider a mutual fund with $250 million in assets at the start of the year and 10 million shares…

A: Net asset value (NAV) is a method that helps to evaluate the value of a company. It also provides…

Q: Suppose that at the beginning of 2004 you invested $l0,000 in the Stivers mutual fund and $5000 in…

A: The value of each investment during the each year is given below:

Q: The Wildwood Fund sells Class A shares with a front-end load of 3.5% and annual operating expenses…

A: The question is based on the concept of business finance

Q: A fund of about P5 million is to be created by 40 quarterly payments at the rate of 4% compounded…

A: The process involving setting aside a common amount after each period in an interest generating…

Q: A closed-end fund starts the year with a net asset value of OMR10. By year end, NAV equals OMR10.10.…

A: Closed-end funds are investment companies whose equity or ETF shares are exchanged in the free…

Q: From the following information calculate the net asset values. (Round your answers to the nearest…

Q: Samantha is the money manager of a R4 000 000 investment fund. The fund consists of four shares with…

A: Given, Market required return (Rm)= 14% Risk-free rate (Rf) = 6% CAPM: The capital asset pricing…

Q: For the same two funds discussed in Q2 the ending wealth after five years was $1.2438 per dollar…

A: A compound annual growth rate(CAGR) is the method in which we calculate the total return from an…

Q: The Swadhinota open end mutual fund is being sold for Tk.47.85 per share. The fund includes Tk.540…

A: Fund NAV = (Securities & Assets Owned by funds - Fund Liabilities) / Number of shares…

Q: Solve the problems listed below. Show your solution and box the final answer. (bond or yellow paper)…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: 1)The twenty-first century closed-end fund has GHS350 million in securities, GHS8 million in…

A: “Since you have asked multiple questions, we will solve the one question for you. If you want any…

Q: The Stone Harbor Fund is a closed-end investment company with a portfolio currently worth $1…

A: Net Asset Value is defined as the value of the assets of entity and minus the liabilities value,…

Q: $1,000 is invested in a fund at the beginning the year. The fund rate of return is 8% for the first…

A: The money weighted return used the IRR method of return computation, while the time weighted return…

Q: A mutual fund has total assets of $30,000,000 and total liabilities of $100,000. There are 4,500,000…

A: Information Provided: Total assets = $30,000,000 Total liabilities = $100,000 Shares outstanding =…

Q: The Closed Fund is a closed-end investment company with a portfolio currently worth $170 million. It…

A: Net asset value = (Current value - Liabilities) / Shares outstanding Net asset value =($170 - $6) /…

Q: NAV

A: Formula to calculate premium or discount as a % of NAV is: Premium = (Price - NAV)/NAV To calculate…

Q: A mutual fund has total assets of 40,000,000 and total liabilities of 5,000,000. There are…

A: Net Asset Value of Mutual fund = (total assets - total liabilities) / shares outstanding

Q: Corporate Fund started the year with a net asset value of $12.50. By year-end, its NAV equaled…

A: The calculation of the pre-tax rate of return as follows:

Q: 20)Corporate fund started the year with a net asset value of GHS12.25. By year-end, its NAV equaled…

A: Given Information:Net asset value at beginning (NAV0) is 12.25 Net asset value at the end (NAV1) is…

Q: A mutual fund has 150 shares of Apple Computer trading at $170 per share, 100 shares of Tesla…

A: Under stock market, there are numerous types of investment one can have. These investments can be…

Q: The Global Growth Fund is a load fund with a 5 percent front load fee. It started the year with a…

A: Start Net Asset Value (NAV) = $16.60 End Net Asset Value (NAV) = $18.25 Fund distributed = $1.25…

Question

Calculate the premium or discount percentage on the fund, if the fund has total assets of
$830 million and $420,000 of liabilities. At present, 44 million shares are outstanding, and
the current market price is $19.5.
A. 4.45% discount
B. 5.85% premium
C. 3.45% discount
D. 3.43 % premium

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Calculate the net asset value per share (NAVPS) for a mutual fund with the following values. Market value of securities in the portfolio $1.2 billion Liabilities of the fund $39.3 million Shares outstanding 52 million The NAVPS for this mutual fund is $ (Round your answer to the nearest cent.)
Calculating NAV A fund has a market value of securities of $860 million, cash and receivables of $29 million, current liabilities of $26 million and has 19 million fund shares outstanding. What is the fund's NAV per share? Multiple Choice $48.16 $46.79 O $47.62 O $45.42
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. %
A mutual fund has assets of $50 million, liabilities of $150000 million and 1 million shares what is the net asset value(NAV) of the fund?Enter the answer to the nearest cent(two decimals)
Consider a mutual fund with $ 400 million in assets at the start of the year , and 12 million shares outstanding . If the gross return on assets is 20 % and the total expense ratio is 4 % of the year end value , what is the rate of return on the fund ?
Calculate the sales charge (in $) and sales charge percent for the mutual fund. (Round percents to one decimal place.) Fund OfferPrice Net AssetValue SalesCharge SalesCharge % Northstar A: MuFl A $13.45 $12.81 $ %
The Western Capital Growth mutual fund has: Total assets $ 804,500,000 Total liabilities $ 3,300,000 Total number of shares 40,000,000 What is the fund's net asset value (NAV) per share?
A mutual fund has total assets of $39,333,444 and liabilities of $6,753,789. If there are 11,521,000 sharesoutstanding, what is the net asset value of the fund? $3.02 $3.85 $2.83 $2.16
1. A mutual fund company has the following assets and liabilities (31/12/2019): Equities at market value 160,000,000 Bonds at market value 60,000,000 Cash 40,000,000 Total value assets 260,000,000 Liabilities 30,000,000 Market value of funds 23,000,0000 Number of share outstanding 6,000,0000 a. Determine the NAV of this fundb. By the end of June 2020, the value of the equity stock fell 30% and the value of the bonds rose 10%. At the same time the value of the fund´sliabilities rose by 10%. The cash position and the number of shares outstanding remained unchanged. Calculate the new NAV?
Calculate the NAV for a mutual fund with the following values: Market value of securities held in the portfolio = $1.2 billion Liabilities of the fund = $47 million Shares outstanding = 70 million The NAV per share is ?
Suppose a mutal fund has total assets of $25500000 and liabilities of 2100000. Currently there are 10200000 shares outstanding. Determine the net asset value of the fund? Round to the nearest cent
On October 24, 2020, the market value of the investments contained in the Global Investment Fund, a mutual fund, was $28,000,000. Liabilities for the fund were $2,800,000. If the fund had 1,340,000 shares outstanding, calculate the net asset value per share. Round your answer to the nearest cent.