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Serjik [45]
2 years ago
7

When Pete Mills went to withdraw $10,100 from the NFA Mutual fund, he was informed that the fund would charge 6 percent of the a

mount withdrawn. What is the dollar amount of the withdrawal charge? (Round your answer to 2 decimal places.) Multiple Choice
A. $606.00
B. $6,060.00
C. $60.60
D. $1,212.00
E. $121.20
Business
1 answer:
aivan3 [116]2 years ago
6 0

Answer:

Option (A) is correct.

Explanation:

Given that,

Amount withdraw by Pete Mills = $10,100

Mutual charges on amount withdrawn = 6%

Therefore, the dollar amount of the withdrawal charge;

= Amount withdraw by Pete Mills × Percent charges by mutual fund on withdrawal of fund

= $10,100 × 0.06

= $606.00

Hence, the correct answer is $606.00

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The person's new salary based on the new CPI of 112 should be $30,545.

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Data and Calculations:

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Strategies developed at the departmental level, such as the accounting, human resources, production, and marketing departments,
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Answer:

D. Functional Strategies

Explanation:

Functional Level Strategy is the strategy which is formulated in other  assist in the execution of corporate and business level strategies. These strategies are formulated based on the  guidelines given by the top level management.

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6 0
3 years ago
Investment Management Inc. (IMI) uses the capital market line to make asset allocation recommendations. IMI derives the
algol13

Answer:

The expected return that IMI can provide subject to Johnson's risk constraint is 8.5%

Explanation:

Capital Market Line (CML)

Expected return on the market portfolio, E(r_m) = 12 %

Standard deviation on the market portfolio, σ_p = 20%

Risk-free rate, r_f = 5%

E(r_c) =  r_f + [  E(r_p)  - r_f ] × ( σ_c ÷ σ_p)

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The Jackson–Timberlake Wardrobe Co. just paid a dividend of $1.60 per share on its stock. The dividends are expected to grow at
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Answer:

(1)$42.4 (2)$50.50 (3)$85.32

Explanation:

Solution

Given that:

(1) The current stock price is computed below:

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Where

D₁ = the next dividend expected

r = the return required

g = he growth rate

Thus

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$42.4

(2) The formula for the stock price in three years  is given below:

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Here

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= $1.60×[(1+6%)^4]/(10%-6%)

= $50.50

(3) Now we determine the price of the stock in 12 years

P12 = D13÷(r-g)

Here

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r = the return required

g = the growth rate

= $1.60×[(1+6%)^13]/(10%-6%)

= $85.32

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2 years ago
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