1. the lincolns invested $35,200 in the franklin templeton \b\ mutual fund. the net asset value of the fund…

1. the lincolns invested $35,200 in the franklin templeton \b\ mutual fund. the net asset value of the fund at the time of purchase was $16.00 and was back - loaded, with a loading rate of 4.25%. when the lincolns sold their fund shares, the net asset value was $15.75.\n(a) how many shares did the lincolns buy?\n(b) considering the back - end load, how much profit (or loss) did they make on their investment?

1. the lincolns invested $35,200 in the franklin templeton \b\ mutual fund. the net asset value of the fund at the time of purchase was $16.00 and was back - loaded, with a loading rate of 4.25%. when the lincolns sold their fund shares, the net asset value was $15.75.\n(a) how many shares did the lincolns buy?\n(b) considering the back - end load, how much profit (or loss) did they make on their investment?

Answer

Explanation:

Step1: Calcular el número de acciones compradas

Dividir el monto invertido entre el valor neto de activos al momento de la compra. $35200\div16 = 2200$ acciones

Step2: Calcular el valor de la venta

Multiplicar el número de acciones por el valor neto de activos al momento de la venta. $2200\times15.75=34650$ dólares

Step3: Calcular la comisión de retroceso

Multiplicar el valor de la venta por la tasa de comisión de retroceso. $34650\times0.0425 = 1472.625$ dólares

Step4: Calcular el ingreso neto de la venta

Restar la comisión de retroceso al valor de la venta. $34650 - 1472.625=33177.375$ dólares

Step5: Calcular la ganancia o pérdida

Restar el monto invertido al ingreso neto de la venta. $33177.375 - 35200=-2022.625$ dólares

Answer:

(a) 2200 acciones (b) Pérdida de 2022.625 dólares