Question
Suppose a company offers two types of funds a) a load fund b) no-load fund. Both funds have same NAV (as of Eveningstar of Q3
Suppose a company offers two types of funds a) a load fund b) no-load fund. Both funds have same NAV (as of Eveningstar of Q3 part a) and a life of 1 year. He invests $100,000 in each fund that has a 5 percent front-end load and 0.75 percent of 12b-1 fee. What is the total dollar amount that an investor has to pay if he wishes to buy; NAV is 54
a) A load fund
b) No-load fund
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Intermediate Accounting IFRS Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
2nd Edition
1118443969, 978-1118443965
