Class Notes (837,539)
Canada (510,303)
Sociology (2,265)
SOC 202 (384)
Louis Pike (20)
Lecture

Solutions of Some Problems 4-5 .docx

2 Pages
112 Views
Unlock Document

Department
Sociology
Course
SOC 202
Professor
Louis Pike
Semester
Fall

Description
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 CHAPTER 20 B – 2 18. ($15.42 – NAV)/NAV = –.078; NAV = $16.72 Shares outstanding = $560,000,000/$16.72 = 33,492,823 For closed
More Less

Related notes for SOC 202

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit