Essentials of Investments (The Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
Essentials of Investments (The Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
10th Edition
ISBN: 9780077835422
Author: Zvi Bodie Professor, Alex Kane, Alan J. Marcus Professor
Publisher: McGraw-Hill Education
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Chapter 4, Problem 12PS
Summary Introduction

Adequate information:

Offering price of open ended fund- $ 12.30 per share

Front end load- 5%

To compute:

Net asset value for the given fund

Introduction:

Front end load is the fees charged by the mutual fund companies at the time of issue of the units/shares over and above the net assets value. Front end load is always given as a percentage of the offering price.

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