SOC 202 Lecture Notes - Mutual Fund, Shares Outstanding
12 Mar 2014
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Overview of security types: contract to buy = 500 / 50 = 10. Purchase price = 10 50 ,530 = ,000. P = ,565: gain = (,565 1,530) 10 50 = ,500. P = ,475: gain = (,475 1,530) 10 50 = ,500: the price you sold the contracts was 468 (. 68) and you closed the position at 465 3/8 (. 65375). So, the total profit was (. 68 4. 65375) 5,000 25 = ,281. 25. Mutual funds: total assets = (6,000 ) + (33,000 ) + (4,600 ) + (82,500 ) = ,614,400. Nav = ,614,400 / 50,000 = . 29: nav = (,614,400 110,000) / 50,000 = . 09, offering price = . 09 / (1 . 05) = . 73, the cost of the etf is (,000*. 0012)+ = . The cost of the mutual fund is ,000*. 0023 = . 50. Chapter 20 b 2: (. 42 nav)/nav = . 078; nav = . 72. The value of your investment is 5,000(. 56) = ,800, a loss of ,200 in one day.
