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A mutual fund's net asset value is $50, but the fund charges an exit fee of 1 percent of net asset value and a load fee of 4 percent of net asset value. An individual purchases the shares. During the year the fund distributes $2.34. The net asset value rises to $58.38 and the investor redeems the shares.
a. What is the percentage return the fund can report that was achieved by its portfolio managers.
b. What is the percentage return the individual earned on the investment?
c. Why are the two percentages different?
As a financial planner a customer comes to you for investment advice. After meeting with him and understanding his requirements, you offer him the following two investment options:
A bond with a $114 yearly coupon, maturing in ten years at a value of $1000 has a current market price of $920. Determine the nominal yield of the bond?
Underwood Industries just paid a dividend of $1.45 each share. The dividends are expected to grow at 25 percent rate for the next 8 years and then level off to a 7 percent growth rate indefinitely.
One month before she died on April 14, 2002, Violet Isaacson (Jeanne's mother) gave Jeanne collection of coin.
The stock chosen is Johnson Controls INC. The computations should be done in excel. Please answer the following questions.
Holliman Corp. has current liabilities of $413,000, a quick ratio of 1.60, inventory turnover of 3.80, and a current ratio of 3.90. What is the cost of goods sold for the company?
Discuss the factors that contribute to a successful operating budget performance.
Compute the book value per share based on the reported stockholders' equity account for Bridgford Foods in fiscal year
Hardmon Enterprises is currently an all-equity company with an expected return of 12 percent. It is planning a leveraged recapitalization in which it would borrow and repurchase existing shares.
Computaion of yield to maturity on bond and Calculate the annual return if you sell the bond at that time
XYZ Company has earnings of $750,000 with 300,000 shares outstanding. Its P/E ratio is sixteen. The company is holding $400,000 of funds to invest or pay out in dividends.
Prepare journal entries to record the receivable from the sales transaction and the forward contract on April 1. Prepare journal entries to record collection of the receivable and settlement of the forward contract on May 30
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