A mutual fund has an offer price of $11.98 per share and a net asset value of $11.29. What is the sales charge percent? (Round to the nearest tenth)

Name: A mutual fund has an offer price of $11.98 per share and a net asset value of $11.29. What is the sales charge percent? (Round to the nearest tenth)
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Question

Quizplus · Accepted Answer

The sales charge percent is calculated as ((Offer Price - NAV) / Offer Price) * 100. Substituting the given values: ((11.98 - 11.29) / 11.98) * 100 = 5.75%, which rounds to 5.8%.

A Mutual Fund Has an Offer Price of $11