1 johnson fund has an offer price of 75 and sells at a 4, Ask an Expert

Finance

1. Johnson fund has an offer price of $75 and sells at a 4% discount. What is the fund's net asset value?

78.13

72.11

76.12

2. True/False

-Actively managed mutual funds are designed to outperform a particular benchmark.

-Back-end loads can be used to disincentivize short-term investing.

-Mutual funds allow investors to shift the security selection process to professional money managers.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92859636

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