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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 3 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
QUESTION 1
You are going to invest in a stock mutual fund with a 5 percent front-end load and a 1.4 percent expense ratio. You also can invest in a money market mutual fund with a 6 percent return and an expense ratio of 0.1 percent. If you plan to keep your investment for 3 years, what annual percentage return must the stock mutual fund earn to exceed an investment in the money market fund?
QUESTION 2
You invested $10,000 in a mutual fund at the beginning of the year when the NAV was $41.4. At the end of the year the fund paid $0.38 in short-term distributions and $1.24 in long-term distributions. If the NAV of the fund at the end of the year was $43.18, what was your return for the year?
QUESTION 3
A closed-end fund has total assets of $260 million and liabilities of $800,000. Currently, 20 million shares are outstanding. If the shares currently sell for $16.75, what is the percentage premium or discount on the fund? (Note: Enter premium as a positive number and a discount as a negative number.)
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