Calculate the total cost for purchasing 100 shares of each of the following funds. Remember to include
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Calculate the total cost for purchasing 100 shares of each of the following funds. Remember to include both sales commission and any transaction costs.
a. A load mutual fund that sells for an NAV of $19 per share and charges a sales commission of 4 percent of the purchase amount
b. A closed-end fund that has an ask price of$19 and bid price of $19.50 per share
c. An ETF that has an ask price of $19, a bid price of $19.25, and a transaction fee of$15
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