Q5. Mutual Fund Math (show all calculations)
a) An equity mutual fund has $14,000,000 in assets and $200,000 in outstanding fees. There
are one million shares outstanding. Calculate the NAVPS.
b) If a 5% front-end load is charged, what is the offering price per share?
c) If the investor had $10,000 to invest, how many units would he/she receive under each of
the above scenarios (5a, 5b)?
 

Q6a. An investor purchases units in an equity fund at an NAVPS of $17. The investor sells the fund two
years later when the NAVPS is $12 and a 5% back-end load is charged. If the load is charged on the
original purchase amount, what is the selling price per unit? (show all calculations

Q6b. If instead, the 5% back-end load is charged based on the NAVPS at the time of redemption, what
is the selling price per unit? (show all calculations

 

Q4. How is the offering price on each of the following mutual fund loads calculated? Provide your own
original example for each, and include the calculation where applicable.
No-load fund
Front-end load fund
Back-end load fund