Problemthe klm mutual fund has a set asset value of 1234, Ask an Expert

Accounting

Problem:

The KLM Mutual Fund has a set asset value of $12.34 and an offer price of $13.34. Use this information to answer the following questions.

Required:

Question 1: How many shares will receive when you invest $1,000?

Question 2: What is the immediate value of these shares?

Question 3: What is the load charge for this transaction?

Note: Explain in detail and show all computations in proper way.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170639

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