Reference no: EM131081633
Serena bought unit trusts and invested for income. She invested £42,000 in a unit trust with an offer price of £75 per unit, and sold the units after 3 years at the same price. During this period she received income from the units of £9,744. This income was not reinvested in units.
Calculate:
(a) the number of units purchased
(b) the percentage yield per annum
(c) the (3 year) income per unit.
Serena had to pay the following charges:
Fee on purchase: 0.2% of the sum invested
Fee on sale: 0.3% of the sum received
Fund management fees of £525
Calculate:
(d) the total charges paid
(e) the total charges as a percentage of the original investment
(f) Serena's income net of fees.
|
Determine the potential at the midpoint of each of the side
: Determine the potential at the midpoint of each of the sides.
|
|
What would dso be if all customers paid on time
: Lamar Lumber Company has sales of $11 million per year, all on credit terms calling for payment within 30 days; and its accounts receivable are $1.65 million. What would DSO be if all customers paid on time? How much capital would be released if Lama..
|
|
Find a particular solution of the equation of motion
: Find a particular solution of the equation of motion.
|
|
Percentage of the original investment
: Serena bought unit trusts and invested for income. She invested £42,000 in a unit trust with an offer price of £75 per unit, and sold the units after 3 years at the same price. During this period she received income from the units of £9,744. This ..
|
|
Write reflection paper about business ethics
: I chose this subject due to the increasing concern of organizations towards their role in the society. At present, my perspective view about business ethics has tremendously changed as per the feedback provided by the diagnostic tools
|
|
Futures and forward contracts to create macrohedge
: Consider the following balance sheet (in millions) for an FI: Assets Liabilities Duration = 11 years $850 Duration = 2 years $740 Equity 110. What is the FI’s duration gap? What is the FI's interest rate risk exposure? How can the FI use futures and ..
|
|
Career development system
: What are the individual and organizational benefits of a formalized career development system?
|
|
Price of cable television
: Suppose the demand for Digital Video Recorders (DVRs) is given by Q = 250 - .25p + 4pc, where Q is the quantity of DVRs demanded (in 1000s), p is the price of a DVR, and pc is the price of cable television.
|