Find the sales charge and the sales charge percent for one share of the AACNX mutual fund

Question:

Find the sales charge and the sales charge percent for one share of the AACNX mutual fund stock if the stock was offered at $10.60275. Use Table 15 - 4. Round to the nearest hundredth of a percent?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

See More Books

Question Posted: Mar 11, 2016 01:59 AM

See More Questions

1.What was the company's net operating working capital (NOWC) at the end of this year? 2. What was capital expenditure this year? 3. What was the free cash flow (FCF) this year? Below is the balance...
What was the annual dividend paid for one share of AT&T INC. stock?
The average equity mutual fund charges about 1.5 percent annually as an operating expense ratio. Assuming that the average fund earns 11 percent on a gross basis over a 20 year period, determine how...
Suppose the United States imposes a tariff on imported sugar. What are the consequences of this on consumers, domestic and foreign producers, and land use?
(Multiple Choice) 1. Which of the following types of governments is always considered to be a primary government for financial reporting purposes? a. A school district with a separately elected...
Give a fully generic implementation of the class Linked Binary Tree using class templates and taking into account error conditions.
Table B. 22 contains data on 1916 team performance for Major League Baseball. Use all possible regressions to build a model for this data. Perform a residual analysis on the final model and comment...
A company wants to develop a level production plan for a family of products. The opening inventory is 550 units, and a decrease to 200 units is expected by the end of the plan. The demand for each of...
panel = Drawing Panel (160, 160) for i in range (0, 10): panel.draw rectangle (20, 20 + 100 10 * 1, 10 i, 10) Write variations of the above program that draw the figures at the lower right as output....
Calculate Z, HR, and sR by the Soave/Redlich/Kwong equation for the substance and conditions given by one of the parts of Pb. 6.14, and compare results with values found from suitable generalized...
Find the current price per share of the ASARX mutual fund. What was the price per share yesterday? Use Table 15 - 4.
Calculate the return on investment for 6,100 shares of a mutual fund purchased with an offer price of $18.39 if the shares were sold with a NAV of $19.01 The shares paid a dividend of $0.55 per share...
Anna has just won a contest that allows her to take n pieces of candy out of a candy store for free. Anna is old enough to realize that some candy is expensive, while other candy is relatively cheap,...
A company sells merchandise on November 2 at a $4,000 invoice price with terms of 2/10, n/30. The goods cost $2,000. The company uses the net method to record invoices. The customer pays the balance...
How do demographic stochasticity, environmental variation, and dispersal dynamics interact to shape the spatial and temporal dynamics of populations within heterogeneous landscapes?
A study investigating the relationship between study time and GPA is interested in determining whether these two variables are independent of each other Data are below. Compute the test statistic....
The table on the right lists the dollar figures of international transactions of the U.S. figures are in billions of dollars. The current account balance is Part 2 A. $negative 10. B. $negative 85....
What are the mechanisms underlying population declines and extinctions, and how can conservation strategies leverage insights from population biology to mitigate biodiversity loss and promote...
A fair 6-faced die is rolled twice. Letting E and F represent the outcomes of the two tosses, compute the following probabilities: (a) The sum of E and F is 11. (b) The sum of E and F is even. (c)...
Show, if u(x, y) and v(x, y) are harmonic functions, that u + v must be a harmonic function but that uv need not be a harmonic function. Is e"e" a harmonic function?
Assuming that the bond issuer does not default on any payments, is it possible to lose money on a bond investment? Discuss briefly.
On are cent interest payment date, a bonds price exceeded its face value. If the prevailing market rate of return does not change thereafter, will the bonds premium be different on later interest...
If you are firmly convinced that prevailing interest rates will decline, how should you change the relative weighting of short-term and long-term bonds in your bond portfolio?
Work out which number line below shows the values that x can take if 3 x 2. - A +12345678910 8 9 10 B D 5 6 7 8 9 10 6 7 8 E 2 F 3 4 7 8 9 10 1 2 3 4 5 6 7 8 9 10
Application Case Coffee Shop is a company dedicated to the commercialization of "signature coffee", a category of high quality coffee that is grown, processed and prepared with a high degree of...
The issuing company Zapatos y Bolsas Veloz, SAB de C.V., dedicated to the manufacture and sale of vinyl leather bags for more than 25 years under the Bolsas Finas brand, the company obtained in the...

Find the sales charge and the sales charge percent for one share of the AACNX mutual fund

Question:

Step by Step Answer:

The NAV is 1055 and the offe...View the full answer

Business Math

Students also viewed these Finance questions