Question: Problem 4 - 7 ( Algo ) An open - end fund has a net asset value of $ 1 3 . 6 0 per

Problem 4-7(Algo)
An open-end fund has a net asset value of $13.60 per share. It is sold with a front-end load of 4%.
Required:
What is the offering price?
Note: Round your answer to 2 decimal places.
Offering price
Problem 4-7(Algo) An open-end fund has a net asset value of

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Question 7 A- An open end fund has a net asset value of $13 if it is sold with a front load of 5% what is the offering price B- And if the offering price is $10 and front load with 5% what is the net...

Q:

3) a) An open end fund has a net asset value of $13.25 per share; it is sold with a front end load of 5.5%. What is the offering price? b) If the offering price of another fund is $12.76, and the...

Q:

Consider a mutual fund with $210 million in assets at the start of the year and with 10 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end...

Q:

An open end fund has a net asset value of $12.30 per share. It is sold with a front-end load of 8%. What is the offering price?

Q:

CAPITA MALLS ASIA: A BUYOUT OFFER FROM CAPITALAND ASSIGNMENT QUESTIONS 1. Compute CMA's weighted average cost of capital (WACC). 2. Perform a discounted cash flow (DCF) valuation for CMA. Notes: 1....

Q:

Please help with the following questions related to the attached financial statements:...

Q:

CAPITA MALLS ASIA: A BUYOUT OFFER FROM CAPITA LAND ASSIGNMENT QUESTIONS: 1. Compute CMAs weighted average cost of capital (WACC). 2. Perform a discounted cash flow (DCF) valuation for CMA. Notes: 1....

Q:

Using the excel template, Calculate various ratios to evaluate Target's financial position, operational efficiency, profitability, and its competitor, Target, for the fiscal years ending 2018, 2019,...

Q:

Operations Effectiveness. Does it appear that the Mayo Clinic management team is operating effectively as a nonprofit organization? Are they controlling operations? Why or why not? What evidence can...

Q:

The presentations, of work-in-progress on the major assignments, will occur during the tutorials in Weeks 8 and 9. The presentations are worth 5% of the total assignment. The presentations will be on...

Q:

Refer to Exercise 8.4.9. Calculate the exact P-value of the data as analyzed by the sign test. Exercise 8.4.9 The study described in Example 8.1.1, involving the compound mCPP, included a group of...

Q:

Why is residual income suggested as an improvement over ROI for business measurement?

Q:

According to the articles, which cytokines result in the activation of M 2 macrophages? Interleukin - 1 0 Interteditin - 1 Tumor Necrosis Factor Alpha Interteron Gamma

Q:

On 1 March 2007 DB Limited issued R560 000 15% debentures at R98. The debentures were to be redeemed at par in four equal annual payments starting 28 February 2010. Required: Journalise the above...