Question
Fund B has a NAV of $46/share and a flat front end load charge of 4.5% on purchases below $100,000, that diminishes by 2% on
Fund B has a NAV of $46/share and a flat front end load charge of 4.5% on purchases below $100,000, that diminishes by 2% on increments of $50,000 for any investment in excess of $100,000. If your client bought into this fund with $80,000, what would the effective load charge be?
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Fundamentals of Investments Valuation and Management
Authors: Bradford Jordan, Thomas Miller
7th edition
978-0078096785, 78096782, 978-0077861636, 77861639, 978-0078115660
