Miscellaneous and administrative expenses

Assignment Help Financial Management
Reference no: EM131495435

A sector fund specializing in commercial bank stocks had average daily assets of $3.4 billion during the year. Suppose the annual operating expense ratio for the mutual fund is .75 percent, and the management fee is .45 percent. How much money did the fund’s management earn during the year? If the fund doesn’t charge any 12b-1 fees, how much were miscellaneous and administrative expenses during the year? (Do not round intermediate calculations. Omit the "$" sign in your response.)

Management fee $ =

Miscellaneous and administrative expenses $ =

Reference no: EM131495435

Questions Cloud

Calculate the dividend pay-out ratio and ex-dividend share : Calculate the dividend pay-out ratio and the ex-dividend share price.
Expected value and standard deviation of the present worth : Run 10 simulations and calculate both the expected value and standard deviation of the present worth?
What is the maximum revenue : What is the maximum revenue? How many units should be manufactured to obtain this maximum?
What is the internal rate of return of your investment : If the bond’s yield to maturity is 6% when you sell it, what is the internal rate of return of your investment?
Miscellaneous and administrative expenses : A sector fund specializing in commercial bank stocks had average daily assets of $3.4 billion during the year.
What nominal interest rate is being charged on loan : Assume monthly compounding of interest. What nominal interest rate is being charged on this? loan?
World income appreciation fund has current assets : The World Income Appreciation Fund has current assets with a market value of $8.5 billion,
Explain how the investor could separate the alpha : Explain how the investor could separate the alpha and the beta and gain the desired systematic exposure to large cap US names.
Calculate the earnings per share : Currently, ABC Company does not have any borrowings. Calculate the earnings per share for FY 2016 under the following scenarios:

Reviews

Write a Review

Financial Management Questions & Answers

  Calculate the macaulay duration and the modified duration

The derivative of the price function of the bond with respect to the yield to maturity is -$7,443.81 when evaluated at the current annual yield, which is 7%. Calculate the Macaulay duration D(.07, infinity) and the modified duration D(.07, 1) of t..

  Calculate the dirty price of this transaction

On October 7, 2010, you purchase a SR10,000 T-note that matures on August 15, 2021 (settlement occurs two days after purchase). The coupon rate on the T-note is 4.375 percent and the current price quoted on the bond is 105:08 (or 105.25% of the face ..

  Firms levered cost of capital if adopts capital structure

An unlevered firm has a cost of capital of 11.3 percent and a tax rate of 34 percent. The firm is considering a new capital structure with 60 percent debt. The interest rate on the debt would be 7.25 percent. What would be the firm's levered cost of ..

  What is the capital gains yield on this investment

One year ago, you bought a stock for $36.48 a share. You received a dividend of $1.62 per share last month and sold the stock today for $41.18 a share. What is the capital gains yield on this investment? In the following exercises determine the effec..

  A private company to becoming a public company

Which markets fresh fruits and vegetables, moved from being a private company to becoming a public company by conducting an initial public offering (IPO).

  What is the projects internal rate of return

Suppose that a project costs $3.5 million. It is expected to generate the following cash flows in the next 5 years: $1 million, 1.2 million, 1.3 million, 1.4 million. What is the project's internal rate of return?

  Absolute return advantage over other form of investment

Historically, both investment managers and investors were considering Hedge Fund Investment as one which has an “Absolute Return” advantage over other form of investment. But the 2007-09 financial crisis proved this claim as not sustainable. Please d..

  Susceptible to interest rate risk from investors perspective

If the United States announces that it will borrow an additional $10 billion, this announcement will normally cause the bond traders to expect. Which of the following bonds is most susceptible to interest rate risk from an investor's perspective?  __..

  Determine the cost using a target costing methodology

A new product is being designed by an engineering team at Golem Security. Several managers and employees from the cost accounting department and the marketing department are also on the team to evaluate the product and determine the cost using a targ..

  Analysts forcast an annual earnings growth rate

Telus, a Canadian wireless comunications company, earned $3.38 per share in 2010 and paid dividends of $1.70 per share. Analysts forcast an annual earnings growth rate of 7% for the next 5 years. It is assumed that after 2015 onward, Telus will maint..

  What is the percentage change in the bonds price

what is the percentage change in the bond’s price?

  Explain and differentiate between business organizations

Explain and differentiate between business organizations.- What form of business organization will give Stamp the most freedom to manage the business as she wishes?

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