Reference no: EM133110077

1. Mathew Johnston invested a total of $17,900 in the New Colony Pacific Region mutual fund. The management fee for this particular fund is 0.60 percent of the total asset value. Calculate the management fee Mike must pay this year. (Round your answer to 2 decimal places.)

2. Which of the following options can a mutual fund investor use to purchase shares in an open-end fund?

3. Tiffany Scott puts $8,000 into a load mutual fund. She knows that her up-front sales charge is 5%. How much of her money actually goes to buy shares in the mutual fund?

4. Bob Newsome purchased 250 shares of the Northern Lights Growth Fund. The purchase cost was $20 per share and the total commission was $250. What is the load being charged by the fund?

5. Assume that one year ago you bought 110 shares of a mutual fund for $18 per share, you received a capital gain distribution of $0.80 per share during the past 12 months, and the market value of the fund is now $22. Calculate the total return for this investment if you were to sell it now. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)

6. Assume that one year ago you bought 180 shares of a mutual fund for $15 per share, you received a capital gain distribution of $1.10 per share during the past 12 months, and the market value of the fund is now $18, Calculate the percentage of total return for your $2,700 investment. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

7. Since Toni Brookfield is retired, she has used income from her investment in the Alger Mid Cap growth fund to supplement her other retirement income. During one three-month period, the fund grew by $5,500. If she withdraws 60 percent of the growth, how much will she receive?