The Swadhinota open end mutual fund is being sold for Tk.47.85 per share. The fund includes Tk.540 million in securities, Tk.50 million in liabilities and 12 million shares outstanding. a. Is the fund charging any load? If so, how much is the amount of the load. b. By what percentage of the NAV should the price of the fund rise or fall for the fund to break even with the purchase value?
The Swadhinota open end mutual fund is being sold for Tk.47.85 per share. The fund includes Tk.540 million in securities, Tk.50 million in liabilities and 12 million shares outstanding. a. Is the fund charging any load? If so, how much is the amount of the load. b. By what percentage of the NAV should the price of the fund rise or fall for the fund to break even with the purchase value?
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
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The Swadhinota open end mutual fund is being sold for Tk.47.85 per share. The fund includes Tk.540 million in securities, Tk.50 million in liabilities and 12 million shares outstanding.
a. Is the fund charging any load? If so, how much is the amount of the load.
b. By what percentage of the NAV should the price of the fund rise or fall for the fund to break even with the purchase value?
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