A mutual fund has an offer price of $9.42 per share and a net asset value of $9.04. What is the sales charge percent? (Round to nearest tenth)

Name: A mutual fund has an offer price of $9.42 per share and a net asset value of $9.04. What is the sales charge percent? (Round to nearest tenth)
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Quizplus · Accepted Answer

The sales charge percent is calculated as [(Offer Price - NAV) / Offer Price] * 100. So, [(9.42 - 9.04) / 9.42] * 100 = 4.03%, which rounds to 4.2%.

A Mutual Fund Has an Offer Price of $9