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5) An open-end fund is set up to charge a load. Its net asset value is GHS8.72 and its offer price is GHS9.25 a) What

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5) An open-end fund is set up to charge a load. Its net asset value is GHS8.72 and its offer price is GHS9.25 a) What is the cedi value of the load (commission)? b) What percentage of the offer price does the load represent? c) What percentage of the net asset value does the load represent? d) Do load funds necessarily outperform no-load funds? e) How do no-load funds earn a return if they do not charge a commission

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