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3-4:4 A mutual fund has an NAV of $11.39 with 268,300 shares outstanding. What is the value of the

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3-4:4 A mutual fund has an NAV of $11.39 with 268,300 shares outstanding. What is the value of the fund's assets if it has $211,400 in liabilities?;3-4:5 The European Growth Fund has $920 million in assets and $68,000 in liabilities. There are 29.6 million shares outstanding. The fund charges a 4.5% front-end load. What is the offering price?;3-4:6 Eastern States Mutual Fund sold $87 million of assets during the year and purchased $93 million of new assets. The average daily assets of the fun were $347 million. What is the fund's turnover rate for the year?;3-4: 7 A tazable money market fund has an annual return of 4.62% What is the equivalent after-tax yield if the tax rate is 27%;3-4:8 You invested $8,000 in a mutual fund when the offering price was $32.50 and the NAV was $31.20. This purchase was made one year ago today. Today, the fun distributed a total of $1.67 in long-term gains and $0.82 in short-term gains. The current offering price is $33.42 and the NAV is $32.08. What is your return for the year?

 

Paper#31768 | Written in 18-Jul-2015

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