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Question: The ABC mutual fund has $1,250,655,000 in assets $655,000 in liabilities and 30,000,000 shares outstanding.

a. What is the NAV of ABC?

b. If ABC has a front-end load of 4.25%, what is the per share purchase price?

c. If ABC sells for $42.92, is it a no-load fund?

d. If not, what is the load?

e. What is your return on investment if you buy your shares using the information in part b and sell your shares 1 year later when the mutual fund has $1,523,320,000 in assets and $120,000 in liabilities with 35,000,000 shares outstanding?

f. What is your return if ABC fund has a 5% redemption fee?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92770276

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