Question
8) Larrys Advisor charged him 4% commissions to buy LMN Balanced Mutual fund. So far the fund has sold 2 million units. The expenses of
8) Larrys Advisor charged him 4% commissions to buy LMN Balanced Mutual fund. So far the fund has sold 2 million units. The expenses of the fund is $3,000,000 and the assets are worth $31 million (12 marks)
a) What is the net asset value per share of the fund?
b) What is the offering price?
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Financial Management For Public Health And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
7th Edition
1071835335, 978-1071835333
