Question
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 10,500 $ 89 B 32,000 18 C 7,500 73 D 71,000 13
An open-end mutual fund has the following stocks:
| Stock | Shares | Stock Price | ||
| A | 10,500 | $ | 89 | |
| B | 32,000 | 18 | ||
| C | 7,500 | 73 | ||
| D | 71,000 | 13 | ||
The fund has 48,000 shares and liabilities of $156,000. Assume the fund is sold with a front-end load of 5 percent. What is the offering price of the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Project Financing Analyzing And Structuring Projects
Authors: Frank J Fabozzi, Carmel De Nahlik
1st Edition
9811232393, 9789811232398
