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ANSWER ALL 3 Assume you are looking at investing in an open-ended...

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Accounting

ANSWER ALL 3

  1. Assume you are looking at investing in an open-ended mutual fund that has a total value of $920 million and shares outstanding of 21,500,000. How many shares will you get if you invest $200,000?
  2. The Lubar Growth Fund has an NAV per share of $50 and charges a 2% upfront sales load. If you have $100,000 to invest, how many shares of the Lubar Growth Fund can you purchase?
  3. John just bought a $400,000 house that is in a wildfire zone. If a wildfire totals the house once every 25 years, what should the homeowner be willing to pay for an annual insurance premium? Assume the insurance company has no other costs.

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