Question: An open-end fund is set up to charge a load. Its net asset value is $8.72, and its offer price is $9.25. a. What is

An open-end fund is set up to charge a load. Its net asset value is $8.72, and its offer price is $9.25.
a. What is the dollar value of the load (commission)?
b. What percentage of the offer price does the load represent?
c. What percentage of the net asset value does the load represent?
d. Do load funds necessarily outperform no-load funds?
e. How do no-load funds earn a return if they do not charge a commission?

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