NET ASSET VALUE

NET ASSET VALUE The High Tech Fund owns the following stocks: Stock c Shares 2,500 6,000 9,800 Stock Price $92 $51 $34 The fund has no liabilities and has 40,000 shares outstanding. What is the fund's net asset value? '000 = OFFERING PRICE The Asian Industrial Fund has $840 million in assets and $40,000 in liabilities. There are 35 million shares outstanding. The fund charges a 5 percent front-end load. What is the offering price? OFFERING PRICE You are interested in purchasing a fund which has an offering price of $46.30 and a 3.5 percent front-end load. What is the net asset value of the fund? FRONT-END LOAD You want to buy 2,500 shares of a fund that has an NAV of $18.75. The fund charges a 4 percent front- end load. How much will you have to spend to make this purchase? MONEY MARKET FUNDS You invest $3,500 in a money market fund at the beginning of the year. The fund's assets appreciate by 4.2 percent over the year. How many shares of the fund do you own at the end of the year?