Question
1. An equity mutual fund has $14,000,000 in assets and $200,000 in outstanding fees. There are one million shares outstanding. Calculate the NAVPS. 2. If
1. An equity mutual fund has $14,000,000 in assets and $200,000 in outstanding fees. There are one million shares outstanding. Calculate the NAVPS.
2. If a 5% front-end load is charged, what is the offering price per share?
3. If the investor had $10,000 to invest, how many units would he/she receive under each of the above scenarios (1, 2)?
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Personal Finance
Authors: Jeff Madura
4th Edition
0136117007, 9780136117001
