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A- An open end fund has a net asset value of $12 if it is sold with a front load of 5% what is the offering price B- And if the offering price is $10 and front load with 5% what is the net asset value
A- An open end fund has a net asset value of $12 if it is sold with a front load of 5% what is the offering price
B- And if the offering price is $10 and front load with 5% what is the net asset value
Expert Solution
A) Net asset value = Offering price*(1-front-end load)
12= Offering price(1-0.05)
So offering price = 12/0.95
=$12.63
B) Net asset value = Offering price*(1-front-end load)
= 10*(1-0.05)
= $9.50
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