ProductsPregunta 3 de 110
A mutual fund has a net asset value of $9.30 per share and a sales charge of 7% of the public offering price. What is the public offering price?
a.$10.00
b.$9.95
c.$10.35
d.$10.65
Explicación
POP equals NAV divided by (100% minus the sales charge percentage), so $9.30 / 0.93 = $10.00. Adding 7% to the NAV gives $9.95, a common error because the sales charge is a percentage of the offering price, not of NAV. The other figures reflect sales charges well above the 7% stated.
Practica las 110 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- How is the net asset value (NAV) per share of an open-end investment company calculated?
- A customer calls at 11:00 a.m. and places an order to buy shares of a mutual fund that prices its portfolio once daily at the close of the market. Which price will the customer receive?
- A fund's public offering price is $12.50 and its net asset value is $11.50. What is the sales charge percentage?
- Under FINRA rules, an open-end fund may impose the maximum permitted sales charge of 8.5% only if it offers which combination of features?
- A customer wants to invest $24,000 in a fund whose next breakpoint occurs at $25,000. The representative processes the $24,000 order without mentioning the breakpoint. This conduct is best described as:
- Which statement about a letter of intent (LOI) for mutual fund breakpoints is correct?
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con FINRA Series 6 — Investment Company & Variable Contracts Rep · Cómo revisamos