Question: sir , please solve it Using the FCA ( Financial Conduct Authority ) formula, calculate the maximum Offer price and the minimum Bid price of

sir , please solve it

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 Units5.25 million

Market price of Bid units5.0million

Assumed broker fees (for both bid/offer)0.25%

Accrued Income 4.25p

Total number of Units in circulation2,500,000

Initial Charge 7%

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