Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
![At the end of the trading day, a mutual fund has a NAVPS of $18.565. An investor
places an order to purchase 1,000 units of the fund. There is a 5% front-end load.
Calculate the offering price.
O a) $17.637
Ob) $18.565
Oc) $19.493
d) $19.542](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1dcafdbe-9886-4a79-8ec0-b95fcf599d51%2F378b3700-f519-4a5d-9312-78938a3d8065%2Fy41son8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:At the end of the trading day, a mutual fund has a NAVPS of $18.565. An investor
places an order to purchase 1,000 units of the fund. There is a 5% front-end load.
Calculate the offering price.
O a) $17.637
Ob) $18.565
Oc) $19.493
d) $19.542
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