What is your rate of return on the fund

Assignment Help Financial Management

Reference no: EM131955763

You purchased 2,300 shares of the New Fund at a price of $20 per share at the beginning of the year. You paid a front-end load of 5%. The securities in which the fund invests increase in value by 12% during the year. The fund's expense ratio is 2.5%. What is your rate of return on the fund if you sell your shares at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Reference no: EM131955763

Questions Cloud

What is the correct amount to include in the budget request : The CHEETAH program has an RDT&E-funded project scheduled to start in November 2015 which is expected to take 21 months to complete.

Discuss the potential influence of social determinants : Discuss the potential influence of social and environmental determinants of health on these patterns of morbidity.

What is the rate of return for an investor in the fund : What is net asset value at the start and end of the year? What is the rate of return for an investor in the fund?

Calculate the speed of the combined mass after collision : A 0.75kg mass moving with a velocity of v1=1.2 ^i-3.4^j m/s , strikes a 2.4kg mass moving with a velocity of v2=0.58^jm/s . Assume the collision is inelastic.

What is your rate of return on the fund : The fund's expense ratio is 2.5%. What is your rate of return on the fund if you sell your shares at the end of the year?

What would be the estimated cost of equity : Cheyenne Resort's CEO is considering a change to the company's capital structure, which currently consists of 25% debt and 75% equity.

Loan makes interest payments at the end of each six months : The borrower is in a $238,000 loan makes interest payments at the end of each six months for eight years.

How long before half of the initial amount has disintegrated : An initial amount of 100 g of the radioactive isotope thorium-234 decays according toQ(t). How long before half of the initial amount has disintegrated?

Building under the reinsurance agreement : What is the maximum amount of insurance the ceding insurer can write on any one building under the reinsurance agreement?

User Account

All Pages