please please help, I will rate. 1. A client has purchased 1500 units of EDG fun
ID: 2799962 • Letter: P
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please please help, I will rate.
1. A client has purchased 1500 units of EDG fund per unit in dividends over the vear which she reinvested units. The NAVPS at the end of the year was $4.8 holdings at the end of the year? at $5.00 per unit. She received $0.80 at year end plus an additional 5 0. What would be the value of her a) $8,400 b) $8,424 c) $8,775 d) $8,750 2. A variation of a fixed-period withdrawal plan is: a) a fixed-dollar withdrawal plan b) a ratio withdrawal plan c) a right of redemption plan d) a life expectancy adjusted withdrawal plan 3. In an Asset Allocation fund: a) there are usually minimum & maximum weightings for each asset class b) there are usually no minimum weightings for each asset class c) there must be a specified amount of cash to satisfy redemption requests d) none of the above 4. Which of the following lists funds from highest to lowest risk? a) dividend, bond, balanced, money market b) real estate, equity, bond, mortgage c) specialty, bond, balanced, money market d) balanced, real estate, dividend, bond 5. An investor purchases a fund with a NAVPS of $3.25 and later sells it after 18 months for $2.75. After the first year, the NAVPS was $3.50. The performance of the fund for the time period she held the fund was: a) +7.69% b) -7.69% c) +15.38% d) -15.38%Explanation / Answer
1) Units purchased Rate Value Purchased 1,500 $5.00 $7,500 Dividend @$0.80 per unit received and reinvested at the year end(1500*$0.80) 250 $4.80 $1,200 Additional units purchased 5 $4.80 $24 Total Units 1,755 Ending NAV $4.80 Value at the year end $8,424 Answer = b 2) Answer =a fixed dollor withdrawal plan 3) Answer = a 4) Answer = b 5) NAV on purchase $3.25 NAV after 18 months at the time of sale $2.75 Return on holding period -15.38% Answer = d
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