Two mutual funds are quoted as follows. $$\begin{array} { l l l l l }
\text { Fund A } & \text { NAV } & 17.13 & \text { Offer Price } & 18.18 \
\text { Fund B } & \text { NAV } & 19.03 & \text { Offer Price } & 19.03 \
\hline
\end{array}$$ Given these quotes, which one of the following is true?

Question

Two mutual funds are quoted as follows. $$\begin{array} { l l l l l } 
\text { Fund A } & \text { NAV } & 17.13 & \text { Offer Price } & 18.18 \
\text { Fund B } & \text { NAV } & 19.03 & \text { Offer Price } & 19.03 \
\hline
\end{array}$$ Given these quotes, which one of the following is true?

Quizplus · Accepted Answer

Fund B is a no-load fund because its NAV (Net Asset Value) and Offer Price are the same, indicating there are no sales charges. Fund A has a higher Offer Price than its NAV, indicating it is a load fund with sales charges.

Two Mutual Funds Are Quoted as Follows Given These Quotes, Which One of the Following Is True