The KLM Mutual Fund has a net asset value of $12.34 and an offer price of $13.34.Use this information to answer the following questions.

Name: The KLM Mutual Fund has a net asset value of $12.34 and an offer price of $13.34.Use this information to answer the following questions.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

investment/offer price: $1,000/$13.34 = 74.9625 shares b. # of shares F1F1F1S1F1F1F10 NAV: 74.9625 F1F1F1S1F1F1F10 $12.34 = $925.04 asset value c. $1,000 - 925.04 = $74.96 load charge OR $13.34 - $12.34 = 1.00 per share

The KLM Mutual Fund Has a Net Asset Value of $12.34