Question

An open-end fund has a net asset value of $10.70 per share

Answer 1

Answer:

An open-end fund has a net asset value of $10.70 per share. It is sold with a front-end load of 6%. What is the offering price?

Step-by-step solution:

Step 1 of 4

Calculate Offered price:

Offered price refers to the price at which the securities that are issued to the public are offered by those underwriting the issue. This price includes management fees and underwriter’s fees.

Answer 2

I don't know the answer of your question