Question
An open-end mutual fund has the following assets. Please calculate Net Asset Value per share and total cost of buying one share of the mutual
An open-end mutual fund has the following assets. Please calculate Net Asset Value per share and total cost of buying one share of the mutual fund.
| Stock | Shares | Price |
| A | 2,000,000 | $45.00 |
| B | 2,000,000 | $78.00 |
| C | 2,000,000 | $13.00 |
| D | 2,000,000 | $26.00 |
| Item | Value |
| front-end load | $10 per share |
| back-end load | $5 per share |
| current mutual fund shares | 2,000,000 |
| management fees | 0.15% per month |
What is the NAV?
What is Total Purchasing Cost Per Fund share?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Finance A Quantitative Introduction Volume 1
Authors: Piotr Staszkiewicz, Lucia Staszkiewicz
1st Edition
0128015845, 978-0128015841
