1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
inysia [295]
1 year ago
14

If+the+offering+price+of+an+open-end+fund+is+$12.30+per+share+and+the+fund+is+sold+with+a+front-end+load+of+5%,+what+is+its+net+

asset+value?+(round+your+answer+to+2+decimal+places.)
Business
1 answer:
Leni [432]1 year ago
3 0

What is Net Asset Value?

Net asset value is the value of an entity's assets less the value of its liabilities, which is frequently used in relation to open-end or mutual funds because shares of such funds registered with the Securities and Exchange Commission are redeemed at net asset value.

Main Content

$11.69

offering price= NAV / (1-load)

12.30=NAV / (1-0.05)

12.30=NAV / (0.95)

12.30 x 0.95 = NAV

NAV= 11.69

To learn more about Net Asset Value

brainly.com/question/28075110

#SPJ4

You might be interested in
A company is trying to decide between two independent projects. Each project has a cost of capital of 12%. Project A has an IRR
Rina8888 [55]

Answer:

Neither project should be chosen

Explanation:

Given that

Each project cost of capital is 12%

The IRR of project A is 11.4%

And, the IRR of project B is 11.1%

As we can see that the cost of capital of each project with their internal rate of return so no project should be selected

Therefore the above statement represent an answer

The same should be relevant

6 0
3 years ago
Melinda's job consists of greeting visitors at the front desk of an architectural firm. Sometimes she finds herself with little
pickupchik [31]
This is a funny question!
a. texting her mother at home
7 0
3 years ago
Read 2 more answers
What are the four most important ways a firm becomes a​ monopoly? The four main reasons a firm becomes a monopoly​ are:
gladu [14]

Answer: A. the government blocks​ entry, control of a key​ resource, network​ externalities, and economies of scale.

Explanation:

3 0
3 years ago
You wish to retire in 20 years, at which time you want to have accumulated enough money to receive an annual annuity of $24,000
den301095 [7]

Answer:

$3,286.52

Explanation:

Interest rate per annum = 12.00%

Number of years = 25

Number of compounding per per annum = 1

Interest rate per period (r) = 12.00%

Number of periods (n) = 25

Payment per period (P) = $24,000

PV of $24,000 payments after 20 years = P * [1 - (1/(1+r)^n)]/ r

PV of $24,000 payments after 20 years = 24000*[1-(1/(1+12%)^25]/12%

PV of $24,000 payments after 20 years = $188,235.34

Interest rate per annum = 10.00%

Number of years= 20

Number of payments per per annum = 1

Interest rate per period (r) = 10.00%

Number of periods (n) = 20

Future value of annuity (FVA) = $188,235

Annual contribution (P) = FVA/ ([ (1+r)^n - 1] / r)

Annual contribution (P) = 188235/(((1+10%)^20-1)/10%)

Annual contribution (P) = $3,286.52

5 0
2 years ago
1. Peter's Audio Shop has a before-tax cost of debt of 7%, a cost of equity of 11%, and a cost of preferred stock of 8%. The fir
tia_tia [17]

Answer:

9.14%

Explanation:

The computation of the weighted average cost of capital is shown below:-

Debt = $500,000 × 1.02

= $0.51 m

Preferred = 40,000 × $34

= $1.36 m

Common = 104,000 × $20

= $2.08 m

Total = $0.51 m + $1.36 m + $2.08 m

= $3.95 m

So, Weighted average cost of capital = ($2.08 ÷ $3.95 m × 0.11) + ($1.36 m ÷ $3.95 m × 0.08) + (($0.51 m ÷ 3.95 m × 0.07 × (1 - 0.34))

= 0.057924 + 0.027544 + 0.005965

= 0.091433

or 9.14%

Therefore for computing the weighted average cost of capital we simply applied the above equation.

7 0
3 years ago
Other questions:
  • The market system is also known as ________, while the command system is also known as ________.
    11·1 answer
  • #21 A 0.30 kg softball has a velocity of 15 m/s at an angel of 35o below the horizontal just before making contact with the bat.
    10·1 answer
  • Positive thinking leads towards more creative solutions because positive thinkers _______.
    11·2 answers
  • According to the rational expectations view, _____. Group of answer choices people use only past information to form expectation
    14·1 answer
  • Aaron promises to sell his boat to Matt, and Matt promises to buy it from Aaron. What type of contract is this? Group of answer
    14·1 answer
  • Cars made in the United States by an American-owned company are included in______
    15·1 answer
  • The demand function for widgets is given by D(P) 16 2P. Compute the change in consumer surplus when the price of a widget increa
    13·1 answer
  • At December 31, 2017 Rice Company had 300,000 shares of common stock and 10,000 shares of 6%, $100 par value cumulative preferre
    9·1 answer
  • Which buyer agreement document provides the greatest advantage for you in your relationship with a potential buyer
    6·1 answer
  • What are the purposes of<br> (b) the balance sheet
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!