You want to buy 1,200 shares of a mutual fund that has an NAV of $27.80. The fund charges a 3.75 percent front-end load. How much will you have to spend to make this purchase?
The amount that we will have to spend to make this purchase is computed as shown below:
= 1,200 shares x [ NAV / ( 1 - 0.0375 ) ]
= 1,200 x [ $ 27.80 / ( 1 - 0.0375 ) ]
= $ 34,659.74 Approximately
Feel free to ask in case of any query relating to this question
You want to buy 1,200 shares of a mutual fund that has an NAV of $27.80....
One year ago, Allison purchased 350 shares of a mutual fund which has a front-end load of 5.25 percent. The NAV at the time of purchase was $30. Today, the NAV is $33. The fund had total annual expenses of 1.65 percent. There were no fund distributions this past year. What is Allison's rate of return for the year? Group of answer choices 4.76 percent -1.10 percent -1.04 percent 4.23 percent 5.00 percent You want to buy 1,200 shares of...
The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund. The front end load is 2%. How many shares of the mutual fund do you hold?
Five years ago, you purchased 220.80 shares of a mutual fund. Since then, you have reinvested your fund dividends and acquired an additional 35.10 shares. The fund currently has an NAV of $37.60. The fund charges a contingent deferred sales charge of 5 percent for the first 2 years after which time the charge declines by 1 percent a year. How much money will you receive if you redeem all of your shares today? Group of answer choices $9,700.79 $9,510.18...
The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund. The front end load is 2%. You sell your shares within six months at an NAV of $11 per share. The redemption fees is 3%. What is your return from this mutual fund investment?
The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund. The front end load is 2%. You sell your shares within six months at an NAV of $11 per share. The redemption fees is 3%. What is your return from this mutual fund investment?
The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund. The front end load is 2%. The investment return of the fund for the year was 10%. You sell your shares. The redemption fees is 3% and the expense ratio is 4%. What is your return from this mutual fund investment?
Based on the mutual fund NAVs below, how many shares will $600 buy you, if you place your order on Tuesday at 8pm after the market closes? (There is no front-end load on the mutual fund.) Tuesday Wednesday Thursday $12 $30 $20 20 50 30 60
You own shares of the High Growth Technology Fund, which has a NAV of $41.53 and a 4.24 percent back-end load. How much will you receive per share upon redemption?
The Aqua Liquid Assets Money Market Mutual Fund has a NAV of $1 per share. During the year, the assets held by this fund appreciated by 1.6 percent. If you had invested $40,000 in this fund at the start of the year, how many shares would you own at the end of the year? What will the NAV of this fund be at the end of the year? Final share? Net Asset Value?
A mutual fund's NAV is 32 and it has a 5% front-end load. How much must an investor pay if he wants 60 shares?