What is the offering price of the fund


Question:

An open end mutual fund has the following stocks:

STOCK SHARES STOCK PRICE
A 9,000 $68
B 13,000 39
C 8,600 49
D 12,500 82

If there are 50,000 shares of the market fund what is the NAV?

Suppose the fund has liabilities of $110,000. What is the NAV of the fund now?

Assume the fund is sold with a 5% front-end load. What is the offering price of the fund?

Solution Preview :

Prepared by a verified Expert
Finance Basics: What is the offering price of the fund
Reference No:- TGS02078693

Now Priced at $20 (50% Discount)

Recommended (91%)

Rated (4.3/5)