Imran Khan decides to withdraw savings from his mutual fund. What is the redemption price per unit

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Imran Khan decides to withdraw savings from his mutual fund. What is the redemption price per unit he will receive if the fund has a current NAVPS of $18 and the current year "back-end load" fee is 2%.

Calculated on the NAVPS at the time of redemption?

Related Book For answer-question

Fundamentals Of Corporate Finance

ISBN: 9780135811603

5th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

Posted Date: Jun 16, 2023 02:13 AM

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Imran Khan decides to withdraw savings from his mutual fund. What is the redemption price per unit

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Expert Answer:

To calculate the redemption price per unit we need to take into account the current Net Asset Value ... View the full answer

Fundamentals Of Corporate Finance

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