Question
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 15,000 $80 B 31,000 28 C 6,500 59 D 72,000 16 Assume
An open-end mutual fund has the following stocks:
| Stock | Shares | Stock Price |
| A | 15,000 | $80 |
| B | 31,000 | 28 |
| C | 6,500 | 59 |
| D | 72,000 | 16 |
Assume there are 52,000 shares of the mutual fund, and liabilities of $132,000. Assume the fund is sold with a 4.5 percent front-end load.
What is the offering price of the fund?
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Supernatural Provision Living In Financial Freedom
Authors: Joan Hunter, Sid Roth
1st Edition
1641238232, 978-1641238236
