Suppose you purchased 1,500 shares in the Global Horizons Eq…
Suppose you purchased 1,500 shares in the Global Horizons Equity Fund on March 3, 2023, at an offering price of $39.50 per share. The front-end load for this fund is 4 percent, and the back-end load for redemptions within one year is 1.5 percent. The underlying assets in this mutual fund appreciate (including reinvested dividends) by 9.2 percent during 2023, and you sell back your shares at the end of the year. If the operating expense ratio for the Global Horizons Equity Fund is 1.40 percent, what is your percentage rate of return from this investment? (Assume that the operating expense is netted against the fund’s return.)
Read DetailsYou found the following stock quote for BFG Industries, Inc….
You found the following stock quote for BFG Industries, Inc., at your favorite website. You also found that the stock paid an annual dividend of $1.10, which resulted in a dividend yield of 1.50 percent. Company Symbol VolDaily Close Daily Chg Daily %Chg YTD %Chg 52 WEEK High 52 WEEK Low 52 WEEK %Chg BFG IndustriesBFG12,500,000??0.501.0%12.0%85.0060.0015.0% Assume the company has 80 million shares of stock outstanding and a P/E ratio of 20. What was the total net income of the firm for the most recent four quarters?
Read DetailsSuppose you are evaluating three alternative MMMF investment…
Suppose you are evaluating three alternative MMMF investments.a) Keystone Municipal Fund invests in a diversified portfolio of municipal securities from across the country and yields 3.6 percent.b) Summit Taxable Fund invests only in taxable, short-term commercial paper and yields 5.2 percent.c) Atlantic State Municipal Fund specializes in municipal debt from the state of New Jersey and yields 3.1 percent.If you are a New Jersey resident, your federal tax bracket is 32 percent and your state tax bracket is 9 percent, which of these three MMMFs offers the highest after-tax yield?
Read DetailsYou purchase 3,200 bonds with a par value of $1,000 for $985…
You purchase 3,200 bonds with a par value of $1,000 for $985 each. The bonds have a coupon rate of 6.4 percent, paid semiannually, and mature in 8 years.a). How much will you receive on the next coupon date?b). How much will you receive when the bonds mature?
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