ProductsPregunta 4 de 110
A fund's public offering price is $12.50 and its net asset value is $11.50. What is the sales charge percentage?
a.7.5%
b.8.7%
c.8.0%
d.9.3%
Explicación
The sales charge equals the dollar spread divided by the public offering price: $1.00 / $12.50 = 8%. Dividing the $1.00 by the NAV instead produces 8.7%, which is the classic trap because the sales charge is always stated as a percentage of POP. The remaining figures do not correspond to either calculation.
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