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You purchased 4,200 shares in the New Pacific Growth Fund on January 2, 2010, at an offering price of $63.50 per share. The front-end load for this fund is 5 percent, and the back-end load for redemptions within one year is 1 percent. The underlying assets in this mutual fund appreciate (including reinvested dividends) by 4 percent during 2010, and you sell back your shares at the end of the year. If the operating expense ratio for the New Pacific Growth Fund is 1.25 percent, what is your total return from this investment? Assume that the annual expense ratio is netted out of the fund's return. (Negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)
Total return %
A bond currently sells for $1,120, which gives it a yield to maturity of 5%. Suppose that if the yield increases by 25 basis points, the price of the bond falls to $1,070. What is the duration of this bond?
You receive a $12,000 check from your grandparents for graduation. You decide to save it toward a down payment on a house. You invest it earning 9% per year and you think you will need to have $24,000 saved for the down payment. How long will it be b..
Calculate the present value break-even point. Initial Investment: $700 Fixed Cost: $200 per year Variable Cost: $4 per unit Depreciation: $140 per year Price: $8 per unit Discount Rate: 12% Project Life: 3 years Tax Rate: 34% . A. 68 units per year B..
Suppose the current exchange rate for the Polish zloty is Z2.75. The expected exchange rate in three years is Z2.83. What is the difference in the annual inflation rates for the United States and Poland over this period? (Do not round intermediate ca..
The two-year interest rate is 6.5% and the expected annual inflation rate is 3%. What is the expected real interest rate?
Initial Cost occurs in year 0. Annual Maintenance Cost starts in year 3 and increases $100 per year Annual Income starts in the year noted and increases at the rate G1 for 5 years, then becomes stable for 3 years and then declines at the rate G2 for ..
A share of Ryan & Co. common stock is expected to pay a dividend of $2.40 ( D 1 ) at the end of the coming year. If the expected long-run growth rate for this stock is 6%, and if investors require a 18% rate of return, what is the present value of th..
Cyberco Corporation has 5 million shares of stock outstanding. Cyberco's after-tax profits are $15 million and the corporation's stock is selling at a price-earnings multiple of 10, for a stock price of $30 per share. Use the price earnings multiple ..
Suppose that the risk-free interest rate is 10% per annum with continuous compounding and that the dividend yield on a stock index is 4% per annum. The index is standing at 400, and the futures price for a contract deliverable in four months is 405. ..
Temple-Midland, Inc. is issuing a $1,000 par value bond that pays 7.1 percent annual interest and matures in 15 years. Investors are willing to pay $948 for the bond and Temple faces a tax rate of 29 percent. What is Temple's after-tax cost of debt o..
Identify the best measure of risk for a stock held in a diversified portfolio?
Curtis Company must estimate its ending inventory and has the following information available from the most recent accounting period: Compute the December 31 inventory for Curtis using the retail method.
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