Question
On a particular day, according to the national Post, the Common Sense Growth fund had a net asset value of $13.91. The offering price was
On a particular day, according to the national Post, the Common Sense Growth fund had a net asset value of $13.91. The offering price was $15.20. Is this a load fund? What is the conventional front-end load?
____
A) No; zero
B) Yes; 9.27%
C) Yes; 8.47%
D) Yes; 9.15%
Hint: OP = (NAV)/(1 load)
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Core Concepts of Accounting
Authors: Cecily A. Raiborn
2nd edition
978-0470499474
