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
Macroeconomics studies all of the following EXCEPT which one?
KatRina [158]
D. why a specific consumer made a specific choice
6 0
3 years ago
Why are discounted cash flow methods of making capital budgeting decisions superior to other methods?
Katyanochek1 [597]

Answer:

Discounted cash flow strategies consider the time value of the currency and consider all future cash flows.

Explanation:

Discounted cash flow approaches recognize the value of money, and take into consideration all investment returns, unlike other traditional capital budgeting approaches.

  • Discounted cash flow is an accounting tool used to measure an investment's worth based on its future revenues.
  • Discounted Cash Flow analyses are trying to figure out the value of the company now, based on estimates of how much revenue it will make in the future.

5 0
2 years ago
Every year, the U.S. Census Bureau conducts an income survey of about 60,000 American families that are carefully selected to re
natka813 [3]

Answer:Higher income families tend to have more people to support.

Explanation:

Income inequality refers to the differences in income among the populace.

The fact that a family has an high income does not suffice that all the income will be available for his consumption for he may have to give out the less privilege and this will not be captured by the census.

The fact that few move from one to another level of income to another will not disrupt census figure and this hold equally hold for in kind transfer they cannot disrupt census figure and can improve living standard.

6 0
3 years ago
Sanjay has three children and is starting a new company. He is looking down the road to a future time when his children are grow
Katen [24]

Answer:

what is the best business structure for continuity and transferability

Explanation:

Sanjay is looking towards beginning a new company. His plans are for his children to take over the company when they are adults in the future.

The most important question he has to consider in this establishment, is one whose answer can provide with the best business entity/structure that would still stand in the future and whose ownership can be handed over to his children In the future.

4 0
2 years ago
Based on the marginal principle, would it make sense to for a business to expand their hours of operation if they project $1,500
krek1111 [17]

Answer:

Yes, because they will net $300 per week

Explanation:

According to the marginal principle, production can be increased if marginal revenue would exceed marginal cost. It means that the venture would be profitable

Marginal cost is the increase in cost as a result of increasing output by one unit.

total marginal cost = 1000 + 50 + 150 = 1200

Marginal revenue is the increase in revenue as a result of increasing output by one unit.

Marginal revenue exceeds marginal cost by (1500 - 1200) 300. Thus, hours of operation can be increased

6 0
2 years ago
Other questions:
  • g Two companies market new batteries targeted at owners of personal music players. Dura Tunes claims a mean battery life of 11 h
    12·1 answer
  • Selling inventory costing $93,000 for a selling price of $111,000 to customers on account (to be received at a later date) would
    11·1 answer
  • David, a trader, wants to buy 1,000 shares of XYZ stock, while a second trader, Alexis, is willing to sell 1,500 shares of the s
    6·1 answer
  • Which of the following describes the goal that should be pursued when setting transfer prices? Minimize opportunity costs. Maxim
    12·2 answers
  • Which details form part of a memo's summary?
    8·1 answer
  • Dream, Inc., has debt outstanding with a face value of $6 million. The value of the firm if it were entirely financed by equity
    7·1 answer
  • The consumer price index (CPI) and the producer price index (PPI) actually measure the same economic factors.
    14·1 answer
  • Which of the following comments is most likely to be made in a group characterized by groupthink?
    7·1 answer
  • Please help this is for economics
    11·1 answer
  • which would be considered assets? check all that apply.own a guitarchecking accountstudent loanstocks and bondsmonthly rentown a
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!