A mutual fund had year-end assets of \$250,000,000 and liabilities of

\$4,000,000. There were 3,750,000 shares in the fund at year-end. What was the mutual fund's Net Asset Value?

Assume that you purchased shares of a mutual fund at a net asset value of \$14.50 per share. During the year you received dividend income distributions of \$0.27 per share and capital gains distributions of \$0.65 per share. At the end of the year the shares had a net asset value of \$13.74 per share. What was your rate of return on this investment?

A mutual fund had NAV per share of \$19.00 on January 1, 2009. On December 31 of the same year the fund's NAV was \$19.14. Income distributions were \$0.57 and the fund had capital gain distributions of \$1.12. Without considering taxes and transactions costs, what rate of return did an investor receive on the fund last year?

At issue, offering prices of open-end funds will often be

Closed end funds are frequently issued at a ______to NAV and subsequently trade at a ________to NAV.

Which one of the following statements regarding open-end mutual funds is false?

You sold short 100 shares of common stock at \$45 per share. The initial margin is 50%. Your initial investment was

You sold short 100 shares of common stock at \$45 per share. The initial margin is 50%. At what stock price would you receive a margin call if the maintenance margin is 35%?