The offer price of an open-end fund is $18 and the fund is sold with a front-end load of 5%. What is the fund's NAV?
A) $18.74
B) $17.10
C) $15.40
D) $16.57
Correct Answer:
Verified
Q70: Harold has just taken his company public
Q71: Which of the following funds are usually
Q72: A mutual fund has total assets outstanding
Q73: The assets of a mutual fund are
Q74: The Stone Harbor Fund is a closed-end
Q76: The ratio of trading activity of a
Q77: You invest in a mutual fund that
Q78: A mutual fund has $50 million in
Q79: Which of the following funds is most
Q80: In a recent study, Malkiel found that
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents