USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
Suppose ABC Mutual fund owned only four stocks as follows:

-Refer to Exhibit 24.1. What is the offering price for the fund if the NAV is $25.25 and the load is 6 percent?

Question

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
Suppose ABC Mutual fund owned only four stocks as follows:
 
-Refer to Exhibit 24.1. What is the offering price for the fund if the NAV is $25.25 and the load is 6 percent?

Quizplus · Accepted Answer

The offering price is calculated by dividing the NAV by (1 - load percentage). So, it's $25.25 / (1 - 0.06) = $26.86. However, since $26.86 is not an option and considering possible rounding or a mistake in the calculation options provided, the closest correct answer given the options is D) $26.77.