Fund has current assets with market value

Assignment Help Financial Management

Reference no: EM131186357

The World Income Appreciation Fund has current assets with a market value of $11.7 billion, 350 million shares outstanding, and a current market price quotation of $35.08. Calculate the front-end load. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Reference no: EM131186357

Questions Cloud

What is stock price today-required rate of return on stock : John is evaluating a stock that he believes will pay a dividend equal to $2.45 in exactly one year from today. Further, John expects that in addition to the dividend he will be able to sell the stock for the amount $48 per share also one year from to..

What was the fund turnover : A mutual fund sold $75 million of assets during the year and purchased $99 million in assets. If the average daily assets of the fund were $316 million, what was the fund turnover?

Undertake some silvicultural activities to increase yield : You recently purchased some immature timberland that is forty years from being harvested. You expect to get $438/MBF when you harvest the timber. Prior to harvesting, you have two objectives. You hope to come up with a plan to generate some annual re..

Realized return is known as the holding period yield : The YTM on a bond is the interest rate you earn on your investment if interest rates don’t change. If you actually sell the bond before it matures, your realized return is known as the holding period yield (HPY). What price will your bond sell for? W..

Fund has current assets with market value : The World Income Appreciation Fund has current assets with a market value of $11.7 billion, 350 million shares outstanding, and a current market price quotation of $35.08. Calculate the front-end load.

How much will be left over the reserve account : The state of Florida sold a total of $36.1 million worth of lottery tickets at $1 each during the first week of January 2007. As prize money, a total of $41 million will be distributed over the next 21 years ($1,952,381 at the beginning of each year)..

Corporate bonds-what is the current price of the bond : Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of E1,000, 10 years to maturity, and a coupon r..

Risk and uncertainty explicitly considered : In which step of the seven-step systematic economic analysis technique (SEAT) are risk and uncertainty explicitly considered? 1)Specify the discount rate. 2)Perform supplementary analyses. 3)Compare the alternatives. 4)Identify the investment alterna..

Bond is the interest rate you earn on your investment : The YTM on a bond is the interest rate you earn on your investment if interest rates don’t change. If you actually sell the bond before it matures, your realized return is known as the holding period yield (HPY).

User Account

All Pages