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
sattari [20]
3 years ago
9

You purchased 1,000 shares of the New Fund at a price of $39 per share at the beginning of the year. You paid a front-end load o

f 3.4%. The securities in which the fund invests increase in value by 8% during the year. The fund's expense ratio is 1.4%. What is your rate of return on the fund if you sell your shares at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Business
1 answer:
Agata [3.3K]3 years ago
7 0

Answer:

2.97%

Explanation:

cost of shares = (NAV0 × shares) ÷ (1 - FL)

                         = ($39 × 1,000) ÷ (1 - 0.034)

                          = 40,372.67

NAV1 = NAVo (1 + investment return - expense ratio)

= $39 × (1 + 0.08 - 0.014)

= 41.574

value of shares = NAV1 × Shares

                          = 41.574 × 1,000

                           = 41,574

Return = (value of shares ÷ cost of shares) - 1

           = (41,574 ÷ 40,372.67) - 1

           = 2.97%

You might be interested in
Explain the appearance of earthworm in brief​
andrew-mc [135]

Explanation:

An earthworm is a terrestrial invertebrate that belongs to the phylum Annelida. They exhibit a tube-within-a-tube body plan, are externally segmented with corresponding internal segmentation, and usually have setae on all segments. They occur worldwide where soil, water, and temperature allow

5 0
2 years ago
For an auto insurance company, the average cost of collision claims is $500 per year for careful drivers and $3000 per year for
Rainbow [258]

Answer:

option (c) $875 per year

Explanation:

Given;

Average cost of collision claims for careful drivers = $500 per year

Average cost of collision claims for for poor drivers = $3000 per year

Poor drivers known by the company = 15%

thus,

Careful drivers = (100% - 15%) = 85%

Therefore,

Insurance company's breakeven price for the collision insurance  

= (Poor drivers known × Average cost of collision for poor drivers ) +( Careful drivers × Average cost of collision claims for careful drivers)

= 0.15 × $3000 + 0.85 × $500

= $450 + $425

= $875 per year

Hence, the correct answer is option (c) $875 per year

8 0
3 years ago
chapter 16 discusses evaluative criteria and chapter 18 discusses postpurchase cognitive dissonance. what are some things that a
Tems11 [23]

Amazon may have to make recommendations for the items that the consumer wants to purchase. They would also make suggestions as well.

The company can also ensure to keep the information and data of the shoppers safe on their website.

<h3>How Amazon can help the customers</h3>

Based on the item and comparable searches made by consumers looking for similar kinds of things, Amazon can offer a set of recommendations and ideas. It is possible to track drones that have been assigned to deliver products online.

Additionally, features like "try and buy" can be added, allowing the customer to return the item at their doorstep after giving it a try. The return process should follow a similar pattern to how quickly orders are delivered so that customers do not encounter any problems after making a purchase. Customers will undoubtedly feel more at ease about their shopping experience as a result, and any post-purchase issues will be diminished.

Read more on Amazon here: brainly.com/question/11776305

#SPJ1

8 0
1 year ago
Jamal tried to apply for a mortgage. However, he was turned down for the loan because the loan officer noticed that he had made
tino4ka555 [31]

Answer:

The two questions that he must ask from himself are:

  • Do you have credit report?
  • Do you have good credit score?

Explanation:

The reason is that the banks are giving you money and are worried about whether or not you are going to pay them back or not. So they require some evidences whether the person has any credit report and good credit score which shows that the person will be worried to pay the bank and if he is not able to pay he find alternative as he is a responsible person. So these two questions assesses whether the person is capable to pay the mortgage.

7 0
3 years ago
A business would have a positive cash flow if revenue is ___operating expenses.
garri49 [273]

I think the most appropriate answer would be "greater"

I hope it helped you!

3 0
3 years ago
Other questions:
  • Managers who must be familiar with the equal employment opportunity commission regulations are __________ managers.
    11·1 answer
  • Which job is categorized as professional and would most likely earn a salary?
    5·2 answers
  • ​refer to table 3-37. sarah and charles are both potters and each can switch between the production of vases and mugs at a const
    5·1 answer
  • Which of the following would not be used to pay for previous credit purchases under the periodic system?
    14·2 answers
  • Two fair dice, one blue and one red, are tossed, and the up face on each die is recorded. Define the following events: E:{ The n
    6·1 answer
  • The statement of cash flows reports all but which of the following: Multiple Choice
    14·1 answer
  • Which of the following represents a Keynesian point of view of macroeconomics?
    6·1 answer
  • You work for a marketing firm that has just landed a contract with Run-of-the-Mills to help them promote three of their products
    11·1 answer
  • If a technological advance lowers production costs such that the quantity supplied increases by 60 units of this product at each
    13·1 answer
  • The principle of self-reference is based on the idea that people won't deviate from the overall mission of their organization if
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!