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sattari [20]
3 years ago
8

An investor purchases 1,000 mutual fund shares with a Net Asset Value of $10 each, where the fund imposes a 5% contingent deferr

ed sales charge if the shares are redeemed within the first year. The sales charge decreases by 1% for each year the investor remains invested in the fund. If the investor were to redeem his shares during the second year of holding the fund, based upon the NAV of $10, he or she will receive:
A. $10,000
B. $9,600
C. $9,500
D. $9,400
Business
1 answer:
Ad libitum [116K]3 years ago
4 0

Answer:

B. $9,600

Explanation:

Calculation to determine the amount he or she will receive

Amount Received=(1000*$10)*[100%-( 5% contingent deferred -1%Decrease in sales charge)

Amount Received=$10000-(100%-4%)

Amount Received=$10000*96%

Amount Received=$9,600

Therefore he or she will receive $9600

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Compared to the perfectly competitive firm, the monopolist faces a demand curve that is ___________________ elastic because ther
poizon [28]

fewer; less

Compared to the perfectly competitive firm, the monopolist faces a demand curve that is less elastic because there are fewer substitutes for the product produced by the monopolist.

<h3>What is the demand curve faced by a perfectly competitive firm and a monopolistic?</h3>

A firm's demand curve is perfectly elastic under perfect competition because it can sell any quantity of commodities at the going rate. Therefore, even a slight price rise will result in no demand. This suggests that the company has no influence over price. Large businesses, on the other hand, that are subject to monopolistic competition, deal with differentiated products based on brand. As a result, the demand curve has a decreasing slope and enjoys monopoly power. Only by lowering the price of the product and selling close substitutes will it be able to sell more goods. As a result, under perfect competition, the demand curve facing a firm is perfectly elastic, while under monopolistic competition, it is less elastic.

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5 0
2 years ago
Consider a household consisting of four college friends. The friends have made a commitment to live together for the next five y
noname [10]

Answer:

  • move
  • none are tied

Explanation:

See the attached for a spreadsheet of the values given in the problem statement. We have simply added the salary to the value of the preference and subtracted the one-time moving expense.

The right-most column shows the net increase in value of moving to Miami for each of the householders. Bonnie achieves so much more value that her net value outweighs the rather significant hit in value that Donna experiences.

If the vote is by net value to the householders, they must vote to move. There are no householders that have a net zero change in value.

_____

<em>Comment on democracy</em>

A decision based on net value does not account for the rather significant cost to Donna. If the household values mental health and interpersonal relationships, the fact that one member suffers badly from the move should be enough to sway the decision against it.

5 0
3 years ago
Bill Mitselfik has purchased a bond that was issued by Acme Chemical. This bond has a face value of $1,000 and pays a dividend o
kramer

Answer:

$1,068.02

Explanation:

For computing the selling price of the bond we need to use the Future value formula or function i.e to be shown in the attachment below:

Given that,  

Present value = $1,000

Rate of interest = 10% ÷ 2 = 5%

NPER = 3 years × 2 = 6 years

PMT = $1,000 × 8% ÷ 2 = $40

The formula is shown below:

= FV(Rate;NPER;PMT;-PV;type)

The present value comes in negative

So, after applying the above formula, the selling price of the bond is $1,068.02

7 0
3 years ago
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c a type of marchandiser that buys merchadise from a manufacture


8 0
3 years ago
Corporations have a distince advantage over other forms of business organization in the area of taxation. True False
seraphim [82]

Answer:false

Explanation:

5 0
3 years ago
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