Probleman open-end fund has a net asset value of 1070 per, Ask an Expert

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Problem:

An open-end fund has a net asset value of $10.70 per share. It is sold with a front-end load of 6%. What is the offering price?

If the offering price of an open-end fund is $12.30 per share and the fund is sold with a front-end load of 5%, what is the NAV?

Note: Please explain comprehensively and give step by step solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91166413

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