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Show working for each questions 10.cAn open-end fund has a NAV of $17.50 per share. The fund charges a 8% load. What is the offering

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10.cAn open-end fund has a NAV of $17.50 per share. The fund charges a 8% load. What is the offering price? 11.The offer price of an open-end fund is $20.00 and the fund is sold with a frontend load of 4.00%. What is the fund's NAV? 12. A friend invests in a mutual fund that charges a 7% front-end load, 1% total annual fees, and a 2% back-end load, which decreases 0.5% per year. How much will your friend pay in fees on a $11,600 investment that does not grow if your friend cashes out after 3 years of no gain? 13. You pay $22,200 to the Golden Fund, which has a NAV of $22 per share at the beginning of the year. The fund deducted a front-end load of 4.00%. The securities in the fund increased in value by 10% during the year. The fund's expense ratio is 1.2% and is deducted from year-end asset values. What is your rate of return on the fund if you sell your shares at the end of the year? 14. You are considering investing in a no-load mutual md with an annual expense ratio of 0.5% and an annual 12b-1 fee of 0.65%. One could also invest in a bank CD paying 5.0% per year. What minimum annual rate of return must the fund earn to make you better off in the fund than in the CD? 15. The Golden Fund has a portfolio of $450 million and liabilities of $10 million. a.) If there are 44 million shares outstanding, what is the net asset value? b.) If a large investor redeems 1 million shares, what happens to the portfolio value? c.) If a large investor redeems 1 million shares, what happens to shares outstanding? d.) If a large investor redeems 1 million shares, what is the net asset value

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