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An open-end mutual fund has the following stocks: Stock Shares Stock Price A 6,000 $98 B 33,000 19 C 4,600 89 D 82,500 12 Assume
| An open-end mutual fund has the following stocks: |
| Stock | Shares | Stock Price |
| A | 6,000 | $98 |
| B | 33,000 | 19 |
| C | 4,600 | 89 |
| D | 82,500 | 12 |
Assume there are 50,000 shares of the mutual fund, and liabilities of $110,000. Assume the fund is sold with a 6.25 percent front-end load. What is the offering price of the fund?
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Applied Quantitative Finance
Authors: W.; T. Kleinkow; G. Stahl Hardle
1st Edition
3540434607, 978-3540434603
