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
sergey [27]
3 years ago
10

You purchased shares of a mutual fund at a price of $20 per share at the beginning of the year and paid a front-end load of 5.75

%. If the securities in which the fund invested increased in value by 11% during the year, and the fund's 12b-1 fee was 1.25%, your return if you sold the fund at the end of the year would be ____.
Business
1 answer:
valkas [14]3 years ago
6 0

Answer:

3.44%

Explanation:

The computation of the return if sold the fund at the year end is shown below:

= {[Price × (1 - Front End Load) × ((1 + fund increase percentage) -expense ratio)] - price} ÷ price

={[$20 per share × (1 - 5.75%) × ((1 + 11%) - 1.25%)] - 20} ÷ 20

= 3.44%

We simply applied the above formula so that the correct return could come

You might be interested in
You have a portfolio that is invested 11 percent in Stock R, 56 percent in Stock S, and the remainder in Stock T. The beta of St
Kruka [31]

Answer:

The beta of stock T is 1.82

Explanation:

The portfolio beta is made up of the weighted average of the individual stock betas in the portfolio.

The formula for portfolio beta is,

Portfolio beta = wA * beta of A + wB * beta of B + ... + wX * beta of X

The weight of stock T in the portfolio is = 1 - (0.11 + 0.56)   = 0.33 or 33%

Let beta of Stock T be x. The beta of Stock T is:

1.47 = 0.11 * 0.84  +  0.56 * 1.39  +  0.33 * x

1.47 = 0.0924 + 0.7784 + 0.33x

1.47 - 0.0924 - 0.7784 = 0.33x

0.5992 / 0.33 = x

x = 1.815 rounded off to 1.82

3 0
3 years ago
Read 2 more answers
You will be administratively suspended if you have a breath or blood alcohol level of ____ or above or refuse to submit to a che
olga nikolaevna [1]
As per ALS or administrative license suspension or revocation, a blood alcohol concentration of 0.08% or higher will automatically suspend you administratively aside from refusing to submit a chemical test. Automatically, licenses will be confiscated and will be suspended of criminal proceedings independently.
7 0
3 years ago
The primary goal of a financial manager is​ ________. A. maximizing wealth B. minimizing return C. minimizing risk D. maximizing
Pani-rosa [81]

Answer:

D. maximizing profit

Explanation:

Maximizing profit because maximizing wealth may also maximize expenses by a certain limit . Minimizing return or risk may not result in maximum profit.

Maximum profit may help the business to develop grow and have the best results. The primary objective of financial managers is to make the business and company more worthy to its owners employees etc. This is achieved by getting the maximum profits. The maximum profits in turn reward every person connected with the company.

8 0
3 years ago
Suppose investors can earn a return of 1.9% per 6 months on a Treasury note with 6 months remaining until maturity. The face val
DanielleElmas [232]

Answer:

$9,813.54

Explanation:

The face value of the T-bill is $10,000

Return of 1.9%

P= $10,000/1.019

= $9,813.54

Therefore the price you would expect a 6-month maturity Treasury bill to sell for is

$9,813.54 because The face value of the T-bill is $10,000 and the investors can earn a return of 1.9% per 6 months on a Treasury note with 6 months remaining until maturity leading to increase in the return of 1.9% because 1.9% will give us 0.019 plus increase of 1 which will give us 1.019.

8 0
3 years ago
Potential GDP refers to the level of ___________ Select one: a. Nominal GDP in the long run. b. Nominal GDP in the short run. c.
Aloiza [94]

Answer:

c. Real GDP in long run

Explanation:

Potential GDP refers to the level of real GDP in long run.

8 0
3 years ago
Read 2 more answers
Other questions:
  • Espoused values are _____. for example, hewlett-packard stresses the "hp way," a collegial, egalitarian culture that gave as muc
    15·2 answers
  • One important distinguishing feature of valid arguments is that __________.
    7·1 answer
  • Which of the following is a primary responsibility of the Federal Reserve Bank? APrint money BCollect taxes CWrite monetary laws
    6·2 answers
  • Healthy foods just paid its annual dividend of $1.62 a share. the firm recently announced that all future dividends will be incr
    14·1 answer
  • A point inside the production possibilities curve represents a combination of goods that is
    6·1 answer
  • LoRider Wheels sells high-quality bicycles and accessories. The store is known for a pleasant environment, friendly salespeople
    9·1 answer
  • Adams, Inc., is a book publisher that reissues old titles. The company offers these books with either a standard machine-glued h
    7·1 answer
  • "Individuals who participate in coaching programs that provide information on interviews and tips on successful interviewing ten
    9·2 answers
  • Charging a license fee for access to a fishery will ... a)              result in no change in total harvest levels. b)         
    12·1 answer
  • internalizing a positive externality will cause the demand curve to a. shift to the right. b. shift to the left. c. become more
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!