Explanation Given Information: The offer price is 5.59 dollars and net asset value is 5.31 dollars for the Sentinal Group: EmGr fund. Formula used: To calculate mutual fund sales charge and sales charge percent, the following steps are, Step1: Compute the mutual fund sales charge by subtraction of the net asset value of the fund from the offer price. Mutual Fund sales charge = Offer price − Net asset value Step2: Compute the sales charge percent on dividing the sales charge by the net asset value of the fund. Sales charge percent = Sales charge Net asset value Calculation: Consider the provided information, The offer price is 5.59 dollars and net asset value is 5.31 dollars for the Sentinal Group: EmGr fund

Contemporary Mathematics for Business and Consumers

7th Edition

ISBN: 9781285189758

Author: Robert Brechner, George Bergeman

Publisher: Cengage Learning

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Chapter 20, Problem 40AT

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To calculate: The sales charge and sales charge percent for the Sentinal Group: EmGr fund with offer price 5.59 dollars and net asset value 5.31 dollars.

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Chapter 20, Problem 39AT

Chapter 20, Problem 41AT

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The sales charge and sales charge percent for the Sentinal Group: EmGr fund with offer price 5.59 dollars and net asset value 5.31 dollars .

Solution Summary: The author explains how to calculate the sales charge percent for Sentinal Group: EmGr fund, based on the offer price and net asset value.

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To calculate: The sales charge and sales charge percent for the Sentinal Group: EmGr fund with offer price 5.59 dollars and net asset value 5.31 dollars.

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Chapter 20 Solutions