Open-end Fund A has 191 shares of ATT valued at $48 each and 43 shares of Toro valued at $88 each. Closed-end Fund B has 88 shares of ATT and 85 shares of Toro. Both funds have 1,000 shares outstanding. a. What is the NAV of each fund using these prices? (Round your answers to 3 decimal places. (e. g., 32.161)) b. If the price of ATT stock increases to $49.25 and the price of Toro stock declines to $85.292, how does that impact the NAV of both funds? (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to 2 decimal places. (e. g., 32.16)) c. Assume that another 168 shares of ATT valued at $48 are added to Fund A. The funds needed to buy the new shares are obtained by selling 623 more shares in Fund A. What is the effect on Fund A’s NAV if the prices remain unchanged from the original prices?
Answers: 2
Business, 22.06.2019 06:30
Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances
Answers: 1
Business, 22.06.2019 16:00
In macroeconomics, to study the aggregate means to study blank
Answers: 1
Business, 22.06.2019 22:10
Which of the following is usually not one of the top considerations in choosing a country for a facility location? a. availability of labor and labor productivityb. attitude of governmental unitsc. location of marketsd. zoning regulationse. exchange rates
Answers: 1
Open-end Fund A has 191 shares of ATT valued at $48 each and 43 shares of Toro valued at $88 each. C...
SAT, 10.11.2021 02:10
Mathematics, 10.11.2021 02:10
Mathematics, 10.11.2021 02:10
Computers and Technology, 10.11.2021 02:10
Mathematics, 10.11.2021 02:10
Mathematics, 10.11.2021 02:10
Mathematics, 10.11.2021 02:10
Mathematics, 10.11.2021 02:10
Mathematics, 10.11.2021 02:20