In: Finance
An open-end mutual fund has the following assets. Please calculate Net Asset Value per share and total cost of buying one share of the mutual fund.
Stock | Shares | Price |
A | 2,000,000 | $45.00 |
B | 2,000,000 | $78.00 |
C | 2,000,000 | $13.00 |
D | 2,000,000 | $26.00 |
Item | Value |
front-end load | $10 per share |
back-end load | $5 per share |
current mutual fund shares | 2,000,000 |
management fees | 0.15% per month |
What is the NAV?
What is Total Purchasing Cost Per Fund share?