IFIC Formulas questions with correct answers

IFIC Formulas questions with correct
answers

Net Asset Value Per Share/Unit (NAVPS/NAVPU) - correct answer ✔✔Total Assets - Total Liabilities ÷
Number of Shares/Units Outstanding



Earnings Per Common Share (EPS) - correct answer ✔✔Net Profit - Preferred Dividends paid ÷ # of
Common Shares Issued



Book Value per Common Share (BVPS) - correct answer ✔✔Common Capital Stock + Retained Earnings +
Contributed Surplus ÷ Number of Common Shares Issued



Current Yield for A Bond - correct answer ✔✔Annual Income ÷ Current Price of the Bond



Yield to Maturity - correct answer ✔✔Annual Income +/- Annual Price Change ÷ Average of Current
Market Price and Maturity Price



Front - End Load - correct answer ✔✔NAVPS ÷ 1 - Sales Charge (expressed as %)



Unemployment Rate - correct answer ✔✔# of Unemployed Persons ÷ Labour Force



Consumer Price Index (CPI) - correct answer ✔✔[(CPI current year - CPI past year) ÷ CPI past year] x 100



Inflation Rate - correct answer ✔✔Current Years CPI Value - Previous Year CPI Value ÷ Previous Year CPI
Value



Management Expense Ratio (MER) - correct answer ✔✔Total Annual Fund expenses per income
statement ÷ Average net asset value for the year