Which the fund invests increase in value

Assignment Help Financial Management

Reference no: EM131323871

You purchased 1,000 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 4.25%. The securities in which the fund invests increase in value by 16.75% during the year. The fund's expense ratio is 1.20%. What is your rate of return on the fund if you sell your shares at the end of the year?

Reference no: EM131323871

Questions Cloud

Accepted based on the average accounting rate of return : An investment has an initial cost of $2.7 million and net income of $189,400, $178,600, and $172,500 for Years 1 to 3. This investment will be depreciated by $900,000 a year over the three-year life of the project. Should this project be accepted bas..

Budgets focus on short-term survival of an organization : ______ budgets focus on short-term survival of an organization while _______ budgets focus on long-term viability of an organization. The fixed costs of running a fund-raising gala for the Albany Symphony are $10,000 and the variable costs are $75 pe..

What is the profitability index if the discount rate : The Black Horse is currently considering a project that will produce cash inflows of $11,000 a year for three years followed by $6,500 in Year 4. The cost of the project is $38,000. What is the profitability index if the discount rate is 9 percent?

Venture capital firms need to make such high rates of return : When we consider taking venture capital to finance our business, we discover that venture capital firms require very high rates of return on their investment. Rates between 40% and 50% percent are not uncommon. Why is it that venture capital firms n..

Which the fund invests increase in value : You purchased 1,000 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 4.25%. The securities in which the fund invests increase in value by 16.75% during the year. The fund's expense ratio is..

Why are the money and capital markets important : Why are the money and capital markets important? What factors characterize the instruments of the money and capital markets? What are the two ways money can be exchanged in the economy?

What are advantages and disadvantages of being in such role : How you would like to be in a position that involves performing these types of tasks? What are the advantages and disadvantages of being in such a role?

How did management overcome that resistance : Since change in the workplace is constant, a good leader knows how to implement and lead effective change. A description on p. 418 and 419 explains how change affects top management, middle management, and frontline employees. Read this section, a..

Write cpp program that is menu-driven that allows for choice : Write a C++ program that is menu-driven that allows for the following menu choices:Load an exam: Loading an exam should prompt the user for an exam file.

User Account

All Pages