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aleksley [76]
3 years ago
7

You invest in a mutual fund that charges a 3% front-end load, 1% total annual fees, and a 0% back-end load on Class A shares. Th

e same fund charges a 0% front-end load, 1% total annual fees, and a 2% back-end load on Class B shares. What are the total fees in year 1 on a Class B investment of $20,000 if you redeem shares with no growth in value?
Business
1 answer:
Anettt [7]3 years ago
7 0

Answer:

Total Fees = $600

Explanation:

A Mutual Fund is a type of investment that pools funds from many individual investors into a singular investment product.

The fund is managed by a Fund Manager. The Fund Manager applies charges to the fund. The charges are income to the Fund Manager.

Front-end load: This is more like a Sales charge applied on the investment amount at the point of buying into the Fund.

Back-end load: This charge is applied on the redemption amount. It is meant to discourage the investor from withdrawing early form the Fund.

Annual fees: This are yearly charge applied on the investment amount.

Calculation:

Front-end load: $0 [Because the rate is 0%]

Back-end load:[2% of 20000] \frac{2}{100} × 20000 = $400

Annual Charge: [1% of 20000] \frac{1}{100} × 20000 = $200

Total Fees: [$400 + $200] =  $600.

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A dealer buys 10,000 shares of ABC common at $20 for its inventory. One week later the stock is quoted at $22 - $23, and a custo
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Answer:

$22

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According to the FINRA 5% Policy the mark-down if the customer sell must always be calculated from the inside bid price which is here $22 and if the customer is a buyer then the mark-up must be calculated using the inside ask price which is here $23. As the customer here is seller, hence the inside bid price $22 was appropriate here according to the FINRA 5% policy.

FINRA 5% policy says that the broker can not charge commissions, or markups or markdowns which is more than 5% on standard trades.

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4 years ago
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Rainbow [258]

Answer:

Skills that you may have learned in one context that you can take with you to many other contexts and industries.

Explanation:

Considering the available options, the best definition of transferable skills is "Skills that you may have learned in one context that you can take with you to many other contexts and industries."

This is based on the fact that transferable skills are skills and talents or proficiency that are considered suitable and valuable across different situational roles, including social context, and professional context. Good examples are creativity, leadership, and time management.

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3 years ago
Movers Company manufactures sneakers. Production of its new sneakers for the coming three months is budgeted as follows: August
telo118 [61]

Answer:

Budgeted overhead cost =$1,250,000

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Budgeted overhead for the month of September = Total labour hours × overhead rate per hour

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Budgeted overhead cost Total = $10× 125,000 =$1250000

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Each member country of the TRIPS agreement must include in its domestic laws broad intellectual property rights and effective remedies for violations, which is a True statement. This is further explained below.

<h3>What is TRIPS agreement?</h3>

Generally, The TRIPS Agreement is a basic standards agreement that gives Members the option to provide more comprehensive intellectual property protection if they so choose.

In conclusion, It is True that each nation that is a part of the TRIPS agreement has a legal obligation to provide protections for intellectual property and remedies for infringements within its own domestic legislation.

Read more about TRIPS agreement

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