An open-end fund has a net asset value of $10.70 per share. It is sold with a
Question:
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?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
The offering price includes a 6 frontend ...View the full answer
Answered By
Shameen Tahir
The following are details of my Areas of Effectiveness. The following are details of my Areas of Effectiveness English Language Proficiency, Organization Behavior , consumer Behavior and Marketing, Communication, Applied Statistics, Research Methods , Cognitive & Affective Processes, Cognitive & Affective Processes, Data Analysis in Research, Human Resources Management ,Research Project,
Social Psychology, Personality Psychology, Introduction to Applied Areas of Psychology,
Behavioral Neurosdence , Historical and Contemporary Issues in Psychology, Measurement in Psychology, experimental Psychology,
Business Ethics Business Ethics An introduction to business studies Organization & Management Legal Environment of Business Information Systems in Organizations Operations Management Global Business Policies Industrial Organization Business Strategy Information Management and Technology Company Structure and Organizational Management Accounting & Auditing Financial Accounting Managerial Accounting Accounting for strategy implementation Financial accounting Introduction to bookkeeping and accounting Marketing Marketing Management Professional Development Strategies Business Communications Business planning Commerce & Technology Human resource management General Management Conflict management Leadership Organizational Leadership Supply Chain Management Law Corporate Strategy Creative Writing Analytical Reading & Writing Other Expertise Risk Management Entrepreneurship Management science Organizational behavior Project management Financial Analysis, Research & Companies Valuation And any kind of Excel Queries.
4.70+
16+ Reviews
34+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
A closed-end investment company has a net asset value of $12.75. A year ago the shares sold for a 20 percent discount but that discount has narrowed (i.e., declined) to 10 percent. If the company...
-
A hedge fund with net asset value of $62 per share currently has a high water mark of $66. Is the value of its incentive fee more or less than it would be if the high water mark were $67?
-
What is the net asset value of an investment company with $10,000,000 in assets, $790,000 in current liabilities, and 1,200,000 shares outstanding?
-
The MLC Corporation produces electronic microwave ovens and uses a perpetual inventory system. Its job costing records yield the following information. Job No. 1 m 2 3 4 *5 6 7 Date Finished Sold...
-
Write a quadratic function whose graph has these x-intercepts. a. 3 and -3 b. 4 and - 2/5 c. r1 and r2
-
Think about your traditional family tree. Make a comparison between a family tree and family genogram: Refer to the pictures and write your description according to your own understanding. You can...
-
Show that the force acting on a control surface of any arbitrary control volume is equal to the force on a larger regularly shaped control volume enclosing the given body. In order to do this you...
-
Outdoor Texas makes umbrellas, gazebos, and chaise lounges. The company uses a traditional overhead allocation scheme and assigns overhead to products at the rate of $ 30 per direct labor hour. The...
-
Changing the Cost Formula for a Month to the Cost Formula for a Year During the past year, the high and low use of three different resources for Fly High Airlines occurred in July and April. The...
-
Tim Peterman, director of logistics at Cameron Power Equipment in Charlotte, North Carolina, was evaluating the future of the company's warehouse in Atlanta, Georgia. The vice president of logistics,...
-
What are the advantages and disadvantages of exchange-traded funds versus mutual funds?
-
If the offering price of an open-end fund is $12.30 per share and the fund is sold with a front-end load of 5%, what is its net asset value?
-
Explain the limitations placed on deductions for medical expenses.
-
Suppose you wanted to undermine the cohesiveness of a group. What would you do?
-
Discuss the qualities of creative people. Can people be trained to be creative?
-
What are shared mental models and why are they important for cross-functional teams? Why are they a challenge to instill in cross-functional teams?
-
What is collective efficacy and how does it differ from self-efficacy? Why is collective efficacy important for teams?
-
Differentiate between creativity and innovation.
-
For the tree in Fig. 4b, Section 2.2, find the probability that the price increased on the first day given that it did not exceed 14 on the second day. 10 2/3 1/3 14 FIGURE 4. 8 2/5 3/5 4/5 1/5 (b)...
-
Explain the circumstances that could result in a long-term bank loan being shown in a statement of financial position as a current liability.
-
What is the result of the following? A. It prints just one line. B. It prints one line and then the number 3. C. There is no output. D. The code does not compile. E. The code compiles but throws an...
-
Joseph Jones, a manager at Computer Science, Inc. (CSI), received 10,000 shares of company stock as part of his compensation package. The stock currently sells at $40 a share. Joseph would like to...
-
Joseph Jones, a manager at Computer Science, Inc. (CSI), received 10,000 shares of company stock as part of his compensation package. The stock currently sells at $40 a share. Joseph would like to...
-
Use the spreadsheet from the Excel Application boxes on spreads and straddles to answer these questions. a. Plot the payoff and profit diagrams to a straddle position with an exercise (strike) price...
-
The following information is available for ADT Company, which produces special-order security produc order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct...
-
Stahelin Valves produces a single component, a valve. The valve sells for $43 per unit. Fixed costs are $1,605,000 annually. Production and sales of 407,000 units annually results in profit before...
-
Calaveras Tire exchanged equipment for two pickup trucks. The book value and fair value of the equipment given up were $29,000 (original cost of $78,500 less accumulated depreciation of $49,500) and...
Study smarter with the SolutionInn App