A mutual fund has an offer price of $14.06. If you invested a lump sum of $14,000, how many shares did you purchase? R
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A mutual fund has an offer price of $14.06. If you invested a lump sum of $14,000, how many shares did you purchase? Round to the nearest thousandth.
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- A mutual fund has an offer price of $14.06. If you invested a lump sum of $18,000, how many shares did you purchase? Round to the nearest thousandth. ___ sharesYou purchase a mutual fund for $17.23 The fund's NAV is $17.00 (the load fee was .23 cents). The NAV subsequently rises to $22.00, and you redeem the shares. What is the percentage return on your investmentA mutual fund has an offer price of $14.02. If you invested a lump sum of $16,000, how many shares did you purchase? Round to the nearest thousandth. 1141 X shares Need Help? Read It Watch It Master It
- You purchase a mutual fund at an offer price of $15.79 per share. If the net asset value is $15.28, find the sale charge percent. Round to the nearest tenth. % Need Help? Read It Watch It Master ItYou purchase a mutual fund at an offer price of $11.77 per share. If the net asset value is $11.28, find the sale charge percent. Round to the nearest tenth. % Sandra WilliamsYou purchase a mutual fund at an offer price of $11.77 per share. If the net asset value is $11.28, find the sale charge percent. Round to the nearest tenth.
- An investor buys shares in a mutual fund for $22. At the end of the year the fund distributes a dividend of $0.57, and after the distribution the net asset value of a share is $24.04. What is the investor's percentage return on the investment? Round your answer to two decimal places.If a mutual fund's net asset value is $24.00 and the fund sells its shares for $25.20, what is the load fee as a percentage of the net asset value? Round your answer to two decimal places. %Suppose you own a mutual fund which has 19,000,000 shares outstanding. If its total assets are $42,000,000 and its liabilities are $5,000,000, find the net asset value (in $) of the fund. Round to the nearest cent. $ _______
- 1. A fund is set up to charge a load. Its net asset value is P16.50 and its offer price is P17.30. A. Assume the fund increased in value by .30 the first month after you purchased 100 shares. What is the total gain or loss? Compare the total current value with the total purchase amount. B. By what percentage would the net asset value of the shares have to increase for you to break even?An investor purchases a mutual fund share for $100.2. The fund pays dividends of $2.2, distributes a capital gain of $1.1, and charges a fee of $3 when the fund is sold one year later for $95.3. What is the net rate of return from this investment? (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))Calculate the number of shares purchased with a $4,000 investment in a no load mutual fund with a net asset value of $7.14. The number of shares purchased is (Type an integer or decimal rounded to the nearest thousandth as needed.)