Calculate number of this fund shares outstanding

Assignment Help Financial Management
Reference no: EM131925458

Suppose that 12 months ago, an investor purchased a given number of shares of a Mutual fund at the then fund’s Net Asset Value of $4.00. Assume that today (12 months later) this investor sells those shares at today’s NAV and that the yield on this individual’s investment is - 4.5%, yes, negative 4.5%. Suppose, furthermore, that the Fund’s Balance Sheet as of today shows the following information, in no particular order:

Cash…$24,790

Accrued fees and other liabilities… $87,458

Current market value of holdings of stocks…$5,749,612

Current market value of holdings of bonds... $2,579,536

Please calculate the number of this fund’s shares outstanding as of today. Please show your work clearly.

Reference no: EM131925458

Questions Cloud

Write summary on each reading : Write 200 word summary on each reading. Article: ICED OUT | How Immigration Enforcement Has Interfered with Workers' Rights (By Rebecca Smith).
What will be the permit price in equilibrium : ECON 3P28: ENVIRONMENTAL ECONOMICS Project - Environmental Regulation and Policies. What are the main findings, conclusions or thesis of your paper
Develop your composition based on an area of interest to you : This assignment is based on the contributions of minority groups. Develop your composition based on an area of interest to you in the arts. Sources.
Discuss the historical evolution of management relaying : Discuss the historical evolution of management relaying the roles of cultural, situational, and social factors in shaping managerial practices and decisions.
Calculate number of this fund shares outstanding : Calculate the number of this fund’s shares outstanding as of today.
Organization computer security policy : The policy should refer to organization's computer security policy, improper use of email may threat to "privacy of staff, legal liability of business.
Market averages and indexed are used to measure : the most expensive type of life insurance is. market averages and indexed are used to measure.
Describe instances where companies struggled : Describe instances where companies struggled or had great success in communicating.
Elaborate on hate crimes and racial profiling : Elaborate on Hate Crimes and Racial Profiling? Whats the take on Hate Crimes and Racial profiling

Reviews

Write a Review

Financial Management Questions & Answers

  Invest in a portfolio containing stock

You have $150,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expected return of 12.85 percent. Stock X has an expected return of 10.69 percent and a beta of 1.26, and Stock Y has an expecte..

  What is the aftertax cash flow from this sale

ABC Company purchased $20,541 of equipment 4 years ago. The equipment is 7-year MACRS property. The firm is selling this equipment today for $5,524. What is the aftertax cash flow from this sale if the tax rate is 25 percent? The MACRS allowance perc..

  If an investor sells stock short

If an investor sells a stock short, that individual reduces the risk of loss by:

  Thinking and techniques may benefit a hospital

Explain FIVE different ways in which operations management thinking and techniques may benefit a hospital.

  The firm has no preferred stock on its balance sheet

The firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects.

  Financial analysts estimate of wccs stock price

WCC has EBITDA of $4.2 million. A financial analyst feels that an appropriate EV/EBITDA ratio for WCC is 8.4. WCC has $4.5 million in debt, $1.2 million in cash and 640,000 shares outstanding. What is the financial analyst’s estimate of WCC’s stock p..

  What is the difference in the effective interest rates

You have a savings account that pays 3.7% interest compounded semi annually, but you are considering transferring your funds into a savings account that pays 3.3% interest compounded monthly. Calculate the difference in the effective interest rates o..

  Calculate the rate of return of our retirement savings

For the first part of this plan, we need to calculate the rate of return of our retirement savings will earn until we reach our retirement age (67 years old)

  Difference between apple common and preferred stocks

Why must Risk be balanced with Return? What is the difference between Apple common and preferred stocks?

  What is your rate of return on investment

If at year end you receive a S0.10 per share dividend and sell the stock for S13, what is your rate of return on the investment?

  Supplier of computer safeguard systems

Virus Stopper Inc., a supplier of computer safeguard systems, uses a cost of capital of 8 percent to evaluate average-risk projects, and it adds or subtracts 2 percentage points to evaluate projects of more or less risk. Currently, two mutually exclu..

  What is the beta of the investor portfolio

If the beta of asset 1 is 1.2, the beta of asset 2 is 1.5 and the Beta of asset 3 is zero, then what is the beta of the investor's portfolio.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd