we If a mutual funds net asset value is $23.30 and the fund sells its shares...

Question

Question

we If a mutual funds net asset value is $23.30 and the fund sells its shares for $25.00, what is the load fee as a percentage

business finance

Answer 1

Answer #1

LOAD FEE = OFFER PRICE - NAV = 25 - 23.30 = 1.70

LOAD FEE AS A % OF NAV = 1.70/23.30 = 7.30% (rounded to 2 decimal places)

Answer : 7.30 % (Thumbs up please)

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Answer 2

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