Products & RisksPregunta 20 de 125
A mutual fund share has a net asset value (NAV) of $19.05 and a maximum sales charge of 5%. What is the public offering price?
a.$19.05
b.$18.10
c.$20.00
d.$20.05
Explicación
When the sales charge is a percentage of the POP, POP = NAV / (1 - sales charge rate) = $19.05 / (1 - 0.05) = $19.05 / 0.95 = $20.05. The sales charge is $1.00, which is 5% of the $20.05 offering price.
Referencia Legal: Investment Company Act of 1940Practica las 125 preguntas gratis — sin registro.
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