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Lecture

SOC 202 Lecture Notes - Mutual Fund, Shares Outstanding


Department
Sociology
Course Code
SOC 202
Professor
Louis Pike

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Chapter 4
Overview of Security Types
6. Contract to buy = 500 / 50 = 10
Purchase price = 10 × 50 × $1,530 = $765,000
P = $1,565: Gain = ($1,565 – 1,530) × 10 × 50 = $17,500
P = $1,475: Gain = ($1,475 – 1,530) × 10 × 50 = –$27,500
12. The price you sold the contracts was 468 ($4.68) and you closed the position at 465 3/8 ($4.65375).
So, the total profit was ($4.68 – 4.65375) × 5,000 × 25 = $3,281.25
Chapter 5
Mutual Funds
5. Total assets = (6,000 × $98) + (33,000 × $19) + (4,600 × $89) + (82,500 × $12) = $2,614,400
NAV = $2,614,400 / 50,000 = $52.29
6. NAV = ($2,614,400 – 110,000) / 50,000 = $50.09
7. Offering price = $50.09 / (1 – .05) = $52.73
15. The cost of the ETF is ($25,000*.0012)+$25 = $55
The cost of the mutual fund is $25,000*.0023 = $57.50
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