Class Notes (1,100,000)
CA (630,000)
Ryerson (30,000)
SOC (2,000)
SOC 202 (400)
Lecture

SOC 202 Lecture Notes - Mutual Fund, Shares Outstanding

Department
Sociology
Course Code
SOC 202
Professor
Louis Pike

This preview shows half of the first page. to view the full 2 pages of the document. 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
You're Reading a Preview

Unlock to view full version