MODULE CODE: 44-700131-BF-2020 QUESTION 8 ( 4 MARKS) Using the FCA ( Financial Conduct Authority ) formula, calculate the maximum Offer price and the minimum Bid price of the units in a fund, given the following information Market price of Offer Units 5.25 million Market price of Bid units 5.0 million Assumed broker fees (for both bid/offer) 0.25% Accrued Income 425p Total number of Units in circulation 2,500,000 Initial Charge 7% Focus O RI a ? MODULE CODE: 44-700131-BF-2020 QUESTION 8 ( 4 MARKS) Using the FCA ( Financial Conduct Authority ) formula, calculate the maximum Offer price and the minimum Bid price of the units in a fund, given the following information Market price of Offer Units 5.25 million Market price of Bid units 5.0 million Assumed broker fees (for both bid/offer) 0.25% Accrued Income 425p Total number of Units in circulation 2,500,000 Initial Charge 7% Focus O RI a