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An open-end mutual fund has the following stocks: Stock Shares Stock Price A 9,500 $91 B 32,000 20 C 7,500 77 D 75,000 15 Assume
| An open-end mutual fund has the following stocks: |
| Stock | Shares | Stock Price |
| A | 9,500 | $91 |
| B | 32,000 | 20 |
| C | 7,500 | 77 |
| D | 75,000 | 15 |
| Assume there are 52,000 shares of the mutual fund, and liabilities of $184,000. Assume the fund is sold with a 2.5 percent front-end load. What is the offering price of the fund? |
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Adventure Capitalist The Ultimate Road Trip
Authors: Jim Rogers
1st Edition
0375509127, 978-0375509124
