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An open-end mutual fund invests in a mixed of major stocks in the US market. Each share of the mutual fund contains the following assets:
An open-end mutual fund invests in a mixed of major stocks in the US market. Each share of the mutual fund contains the following assets:
Stock | shares | price |
A | 1 | 15.00 |
B | 1 | 17.00 |
C | 1 | 43.00 |
D | 1 | 35.00 |
E | 1 | 28.00 |
The front-end load is $5 and the back-end load is $4.
a) The Net Asset Value per share =
b) To buy one share of the mutual fund, the cost is =
c) For a person who sells one share of the mutual fund today, the net proceeds (net revenue) =
Please answer a,b,and c
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