The Lemonade Fund has a NAV of $262.52. If the fund's offering price is $280.54, what is the front-end load?
Answer:- Front-end load =$18.02
Explanation:- A front-end load is a commission which is applied at the time of the initial purchase of an investment. After payment of front-end load, the remaining amount is used to purchase shares of the mutual fund at the net asset value (NAV) price.
Front End load = Fund's Offering Price - Fund's NAV
= $280.54 - $262.52
= $18.02
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