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Growth and Equity Fund

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Question

The Emerging Growth and Equity Fund is a “low-load” fund. The current offer price quotation for this mutual

fund is $21.97, and the front-end load is 1.6 percent.

1.What is the NAV? (Round your answer to 2 decimal places. Omit the “$” sign in your response.)
  Net asset value$   
2.If there are 21.1 million shares outstanding, what is the current market value of assets owned by the fund? (Do not round intermediate calculations and round market value answer to the nearest whole dollar. Omit the “$” sign in your response.)Top Answer
 
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liabilities

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Question

  StockSharesStock PriceA13,500$83B31,000 25C3,500 63D83,000 13 Assume there are 55,000 shares of the mutual fund, and liabilities of $156,000. Assume the fund is sold with a 3.5 percent front-end load. What is the offering price of the fund?

 
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bonds

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Question

Aloha Inc. has 4.5 percent coupon bonds on the market that have 16 years left to maturity. If the YTM on these

bonds is 5.5 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the “$” sign in your response.)

 
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dividends

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Leisure Lodge Corporation is expected to pay the following dividends over the next four years: $22, $15, $7.4

and $2.7. Afterwards, the company pledges to maintain a constant 4 percent growth rate in dividends forever. If the required return on the stock is 19 percent, what is the current share price?

 
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