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【正文】 n additional 10,000 shares during the next year. What is the current asset value? Stock Shares Price Book Value A 2,400 $15 $10 B 2,000 $50 $25 C 5,000 $30 $20 A. $. B. $. C. $. D. $. A Total value of the openend fund = (2,400)(15)= 36,000 (2,000)(50)= 100,000 (5,000)(30)= 150,000 = 286,000 $286,000 $10,000 = $276,000 NAV = $276,000/20,000 shares = $ per share. Question ID: 10937 A closedend fund initially issued 1 million shares at $10 each. The fund now holds three stocks with the following values: Stock Number of Shares Value per Share A 500,000 $20 32 B 100,000 $10 C 200,000 $15 What is the fund39。s asset value (NAV)? A. $10. B. $13. C. $14. D. $8. C (500,000 x $20 + 100, 000 x $10 + 200, 000 x $15)/1,000,000 = $14 Question ID: 10939 Based on the following information, what is the asset value per share? There are currently no expenses and no load. Cap Stock Stock $ 108,000 Price per share $ 10 Stock Shares Price Book Value A 1,036 $10 $9 B 1,987 $32 $33 C 1,972 $8 $5 D 970 $75 $65 A. $. B. $. C. $. D. $. B Total number of shares sold = $108,000 = 10,800 shares $10 (per share) 33 Total market value = 1,036 x 10 = 10,360 1,987 x 32 = 63,584 1,972 x 8 = 15,776 970 x 75 = 72,750 = 162470 NAV = 162,470 = per share 10,800 Question ID: 10945 Use the following information to calculate the asset value (NAV) of the fund. Stock Shares Price Market Price A 7,600 $6 $45,600 B 5,300 $26 $137,800 C 2,300 $8 $18,400 D 8,900 $54 $480,600 Total $682,400 Shares 23,000 The asset value of this fund would be: A. $. B. $. C. $. D. $. B Total Market Value = Total Number Shares 682,400 = 23,000 34 Question ID: 10946 Based on the following information, what is the asset value per share? There are currently no expenses and no load. Cap Stock Sold $102,000 Price per Share $10 Stock Shares Price Book Value A 1,453 $11 $5 B 2,162 $34 $32 C 1,969 $9 $4 D 950 $69 $51 A. $. B. $. C. $. D. $. C 172,762 = 10,200 Question ID: 10958 You are going to invest in a closedend mutual fund and are told that the asset value (NAV) of the fund is $, and the share price was $. What is the discount you would receive or the premium that you would pay? A. . B. . C. . D. . D 35 ?= Question ID: 10966 If you are going to invest in a closedend mutual fund and were told that the asset value of the fund is $, and the share price was $. What is the discount you would receive or the premium that you would pay? A. . B. . C. . D. . D SP NAV = = .4526 NAV Question ID: 10959 You are going to invest in a closedend mutual fund and are told that the asset value (NAV) of the fund is $, and the share price was $. What is the discount you would receive or the premium that you would pay? A. 01274. B. . C. . D. . C ?= Question ID: 10957 36 Closedend market prices are: A. 5 to 20 percent below NAV. B. 25 to 40 percent below NAV. C. 25 to 40 percent above NAV. D. 5 to 20 percent above NAV. A Question ID: 10967 You are going to invest in a closedend mutual fund and are told that the asset value of the fund is $, and the share price is $. What is the discount you would receive or the premium that you would pay? A. . B. . C. . D. . A SP NAV = = NAV Question ID: 10973 If the fund to be purchased had a asset value (NAV) of $ and a load of 7 percent, what is the offering price per share. A. $. B. $. 37 C. $. D. $. A Offering price = NAV = = 1 load .93 Question ID: 10984 If the fund to be purchased had a asset value (NAV) of $ and a load of percent, what is the offering price per share. A. $. B. $. C. $. D. $. D / .946 = = Question ID: 10974 If a mutual fund has a load of 4 percent, a asset value (NAV) of $ per share. What must an investor pay to purchase 830 shares? A. $10,703. B. $11,394. C. $10,518. D. $11,413. D OP = NAV 1 Load 38 = = .96 x 830 = $11, Question ID: 10972 An individual investor approaches you and asks you If I were to purchase a fund with a load of 4 percent, and I used $1,300 to purchase the fund. What dollar amount would the shares purchased be? A. $1,352. B. $1,300. C. $52. D. $1,248. D $1,300 x .96 = $1,248 Question ID: 10971 If a mutual fund has a load of 5 percent, a asset value (NAV) of $ per share. What must an investor pay to purchase 553 shares? A. $8,013. B. $7,250. C. $7,480. D. $8,033. D OP = = = 1 .05 .95 x 553 = 8,033 39 Question ID: 10985 If a mutual fund has a load of 5 percent, a asset value (NAV) of $ per share, what must an investor pay to purchase 937 shares? A. $12,551. B. $12,970. C. $13,872. D. $13,905. D OP = $ = $ .95 $ x 937 = 13,904 Question ID: 10983 An individual investor approaches you and asks, If I were to purchase a fund with a load of 7 percent, and I used $5, to purchase the fund. What dollar amount would the shares purchased be? A. $6,206. B. $406. C. $5,800. D. $5,394. D 5,800 x .93 = 5,394 Question ID: 10999 The annual management fees charged by investment firms to pensate the fund managers is typically a: 40 A. percentage of the capital gains and ine of the fund. B. percentage of a major market index improvement (such as NASDAQ, DJIA,or NYSE Composite) during the year the funds are mana