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An open-end mutual fund has the following assets. Please calculate Net Asset Value per share and...
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 |
NAV = $
Total Purchasing Cost per fund share = $
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jeff jeffy answered 2 years agoRelated Solutions
An open-end mutual fund has the following assets. Please calculate Net Asset Value per share and...
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?
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