The offering price of an open-end fund is $16.70 per share and the fund is sold with a front-end load of 4%. What is its net asset value? (Round your answer to 2 decimal places.) Net asset value
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- An open-end fund has a net asset value of $10.20 per share. It is sold with a front-end load of 4%. What is the offering price? (Round your answer to 2 decimal places.) Offering priceAn open-end fund has a net asset value of $16.70 per share. It is sold with a front-end load of 3%. Required: What is the offering price? Note: Round your answer to 2 decimal places.An open-end fund has a net asset value of $13.50 per share. It is sold with a front-end load of 5%. Required: What is the offering price? Note: Round your answer to 2 decimal places. Offering price
- The offering price of an open-end fund is $19.70 per share and the fund is sold with a front-end load of 4%. What is its net asset value?An open-end fund has a net asset value of $13.40 per share. It is sold with a front-end load of 6%. What is the offering price?The Closed Fund is a closed-end investment company with a portfolio currently worth $190 million. It has liabilities of $8 million and 10 million shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV b. If the fund sells for $15 per share, what is its premium or discount as a percent of net asset value? (Input the amount as a positive value. Round your answer to 2 decimal places.) of %
- An investor purchases a mutual fund share for $100.2. The fund pays dividends of $2.2, distributes a capital gain of $1.1, and charges a fee of $3 when the fund is sold one year later for $95.3. What is the net rate of return from this investment? (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))If a mutual fund's net asset value is $23.60 and the fund sells its shares for $25.30, what is the load fee as a percentage of the net asset value?Suppose Majtrk has a front-end load fee of 9%. If you purchase 100 shares of this fund at the NAV, you will pay a commission of S in one month, you sell the shares, you pay a redemption fee at that time. If you are interested only in funds without any fee, you the quotations as listed in the table, it is 11, to use additional online resources to find no-load funds, because using only to determine the amount of any front-end load fee that the fund may charge.
- The Closed Fund is a closed-end investment company with a portfolio currently worth $170 million. It has liabilities of $6 million and 9 million shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places.) b. If the fund sells for $20 per share, what is its premium or discount as a percent of net asset value? (Input the amount as a positive value. Round your answer to 2 decimal places.)You purchase a mutual fund at an offer price of $11.77 per share. If the net asset value is $11.28, find the sale charge percent. Round to the nearest tenth.You purchase a mutual fund for $17.23 The fund's NAV is $17.00 (the load fee was .23 cents). The NAV subsequently rises to $22.00, and you redeem the shares. What is the percentage return on your investment