Question
3) a) An open end fund has a net asset value of $13.25 per share; it is sold with a front end load of 5.5%.
3)
a) An open end fund has a net asset value of $13.25 per share; it is sold with a front end load of 5.5%. What is the offering price?
b) If the offering price of another fund is $12.76, and the fund is sold with a front end load of 8%, what is the NAV?
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Finance Accumulation And Monetary Power
Authors: Daniel Woodley
1st Edition
0367338556, 978-0367338558
