An open-end fund is set up to charge a load. Its net asset value is $8.72, and
Question:
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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a b c d There is no evidence of superior performan...View the full answer
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Related Book For 
Fundamentals of Investment Management
ISBN: 978-0078034626
10th edition
Authors: Geoffrey Hirt, Stanley Block
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