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1. What is the purchase price of a mutual fund with a net asset value of $14 per share that charges a 4% sales charge?
1. What is the purchase price of a mutual fund with a net asset value of $14 per share that charges a 4% sales charge?
a) $ 14.00 b) $14.58 c) $14.04 d ) $13.44
2. If a fund has a 5% sales charge and an offering price of $60 per unit is, what is it NAVPU?
a) $56.85 b) $65.20 c ) $ 63 d ) $ 57
3. A trailer fee is a fee:
a. paid to the fund salesperson
b.on a back-end load fund
c.when switching between fund families
d) on a front-end load fund
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