User Account

All Pages

What is the net asset value at the start and end of the year

Assignment Help Accounting Basics
Reference no: EM132464768

Problem - Consider a mutual fund with $218 million in assets at the start of the year and with 10 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end of the year of $4 million. The stocks included in the fund's portfolio increase in price by 8%, but no securities are sold, and there are no capital gains distributions. The fund charges fees of 1.00%, which are deducted from portfolio assets at year-end.

Required -

a. What is the net asset value at the start and end of the year?

b. What is the rate of return?

Reference no: EM132464768

Questions Cloud

Find the z-scores that bound the middle : Answer the following questions. As always, the z-score stands for a standard normal random variable.
Define what trends do you see in the data sets : As an employee of a company that is considering investing in a foreign economy, you have been asked to research a country and make a presentation.
What does the retained earnings balance represent : What is retained earnings? What does the retained earnings balance represent? What is it an accumulation of over the life of a corporation?
Identify the sampling technique : Identify the sampling technique used: At a local college, 5 statistics classes are randomly selected out of 20 and all of the students from each class
What is the net asset value at the start and end of the year : Consider a mutual fund with $218 million in assets at the start of the year and with 10 million shares outstanding. What is the net asset value
What is the student grade point average : If a student receives an A in a four-unit class, a D in a two-unit class, a B in a three-unit class and a C in a three-unit class.
Prepare the three ledger accounts for arthur magee : Prepare the three ledger accounts for Arthur Magee indicating the correct yearly charge to be included in the income statement.
Why do not we measure all lawn mowing as part of gdp : The question is, why don't we measure all lawn mowing as part of GDP? Stated another way, why doesn't the value of all production show up in GDP?
Find the probability that the first card is a two and : Find the probability that the first card is a two AND the second card is a ten. Round your answer to three decimal places.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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