The offer price of an open-end fund is $24.00 and the fund is sold with a front-end load of 11.00%? What is the fund's NAV? Multiple Cholce $13.00 $23.89 $21.36 $20.00

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
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The offer price of an open-end fund is $24.00 and the fund is sold with a front-end load of 11.00%? What is the fund's NAV?
Multiple Cholce
$13.00
$23.89
$21.36
$20.00
Transcribed Image Text:The offer price of an open-end fund is $24.00 and the fund is sold with a front-end load of 11.00%? What is the fund's NAV? Multiple Cholce $13.00 $23.89 $21.36 $20.00
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