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Author Question: A mutual fund has a beginning balance of $100 million, earns interest of $10 million, receives ... (Read 43 times)

jace

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on: Apr 14, 2019

Question 1

The component of expense ratios that includes a fee charged by some mutual funds to pay brokers is


◦ a management fee.
◦ a 12b-1 fee.
◦ an administrative expense.
◦ a referral fee.

Question 2

A mutual fund has a beginning balance of $100 million, earns interest of $10 million, receives dividends of $15 million, and has expenses of $5 million. If 10 million shares are outstanding, what is the NAV?


◦ $10.50
◦ $11.00
◦ $12.00
◦ $12.50
Personal Finance ¦ Madura ¦ 6th Edition
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Marked as best answer by jace on Apr 14, 2019

sultansheikh

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Reply #1 on: Apr 14, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jace

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Reply 2 on: Apr 14, 2019
Gracias!

ghepp

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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