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An open end mutual funds owns 1000 shares of Krispy Kreme priced at $50. The fund also owns 2000 shares of Ben & Jerrys priced
- An open end mutual funds owns 1000 shares of Krispy Kreme priced at $50. The fund also owns 2000 shares of Ben & Jerrys priced at $75, and 1000 shares of Pepsi priced at $65. The fund has 2000 of its own shares outstanding. The fund has a 5.85% load charge. What is the net asset value of the funds shares?
- 4140.25
- $132.50
- $265.00
- $175.55
- $125.18
I know how to find the NAV, but what do I do with a "load charge"? Do I use it in this scenario?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
