The Stable Utility Fund has an offering price of $54.11 and an NAV of $52.48. What is the front- end load percentage? A) 3.0 percent B) 3.1 percent C) 3.5 percent D) 3.8 percent E) 4.0 percent

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Q.17
New Section 1 Page 1
The Stable Utility Fund has an offering price of $54.11 and an NAV of $52.48. What is the front-
end load percentage?
A) 3.0 percent
B) 3.1 percent
C) 3.5 percent
D) 3.8 percent
E) 4.0 percent
Transcribed Image Text:Q.17 New Section 1 Page 1 The Stable Utility Fund has an offering price of $54.11 and an NAV of $52.48. What is the front- end load percentage? A) 3.0 percent B) 3.1 percent C) 3.5 percent D) 3.8 percent E) 4.0 percent
Q.10
The Profitability Fund had NAV per share of $17.50 on January 1, 2016. On December 31 of the
same year, the fund's NAV was $19.47. Income distributions were $0.75, and the fund had
capital gain distributions of $1.00. Without considering taxes and transactions costs, what rate
of return did an investor receive on the Profitability Fund last year?
A. 11.26%
B. 15.54%
C. 16.97%
D. 21.26%
E. 9.83%
Transcribed Image Text:Q.10 The Profitability Fund had NAV per share of $17.50 on January 1, 2016. On December 31 of the same year, the fund's NAV was $19.47. Income distributions were $0.75, and the fund had capital gain distributions of $1.00. Without considering taxes and transactions costs, what rate of return did an investor receive on the Profitability Fund last year? A. 11.26% B. 15.54% C. 16.97% D. 21.26% E. 9.83%
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