Question
A mutual fund that you own has an offering price of $64.72 and a NAV of $62.25. What is the front-end load as a percentage?
A mutual fund that you own has an offering price of $64.72 and a NAV of $62.25. What is the front-end load as a percentage?
Answer should be formatted as a percent with 2 decimal places (e.g. 99.99).
You purchased a mutual fund for $25.83 and received a distribution of $0.47. What was the NAV of the fund if you sold your shares and made a return of 1.84 percent?
Answer should be formatted as a number with 2 decimal places (e.g. 99.99).
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-0077283292
