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Temka [501]
2 years ago
10

An open-end fund has a net asset value of $11.30 per share. it is sold with a front-end load of 6%. what is the offering price?

Business
1 answer:
Ber [7]2 years ago
3 0

The offering price is $11.7 .

The offering price includes a 6% front-end load, or sales commission, meaning that every dollar paid results in only $0.95 going toward the purchase of shares.

Therefore:

Offering Price = NAV/1-load = 11.20/1-0.05 = $11.7

An offering price refers to the rate of a inventory set by means of an investment financial institution in the course of the IPO system. An supplying rate is primarily based on the organization's valid possibilities and set at a level with a view to attract interest from the overall investing public.

The POP / Public imparting fee is the fee an investor ought to pay to purchase mutual fund shares. The POP is the sum of the internet asset cost and the income rate an investor should pay to make investments.. The components for determining the POP is NAV + SC = POP.

Learn more about Offering price here brainly.com/question/16710746

#SPJ4

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When you pick up or drop off an application, be prepared for an
allsm [11]

Answer:

When you pick up or drop off an application, be prepared for an interview.

This might help: https://quizlet.com/46996034/unit-31-job-applications-flash-cards/

6 0
4 years ago
(Working with the balance​ sheet) The Caraway Seed Company grows heirloom tomatoes and sells their seeds. The heirloom tomato pl
Artemon [7]

Answer:

A. $170,900

B. $20,300

C. $ 19,800

Explanation:

A. Accounting Equation ;

Assets = Equity + Liabilities

Therefore  Equity = Assets - Liabilities

Total Assets - Caraway Seed Company

Current assets                 $ 48,800​

Net fixed assets             $ 248,800

Total Assets                   $ 297,600

Total Liabilities - Caraway Seed Company

current liabilities   $ 28,500​

long-term debt     $ 98,200

Total                      $126,700

Equity = $ 297,600 -  $126,700 = $170,900

B. Net working​ capital = Current Assets - Current liabilities

                                 =  $ 48,800​ - $ 28,500​

                                 =  $20,300

C. Net working​ capital = Current Assets - Current liabilities

                                     = $ 48,800 - ( $18,500 + 10,500)

                                     = $ 19,800

7 0
3 years ago
The agreement reached at bretton woods established the international monetary fund. united nations. world economic forum. intern
jenyasd209 [6]

Answer:

International Monetary Fund.

<h3>What does International Monetary Fund?</h3>
  • The International Monetary Fund (IMF) works to achieve sustainable growth and prosperity for all of its 190 member countries.
  • It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increase productivity, job creation, and economic well-being.

To learn more about the international monetary fund, refer

to brainly.com/question/25689052

#SPJ4

6 0
2 years ago
If the sale price per unit is $75, variable expenses per unit are $40, target operating income is $22,000, and total fixed expen
Novay_Z [31]

Answer:

1,100 units

Explanation:

The computation of the units sales to achieve target operating income is shown below:

Unit sales is

= (Fixed expenses + target operating income) ÷ (contribution margin per unit)

= ($16,500 + $22,000) ÷ ($75 - $40)

= ($38,500) ÷ ($35)

= 1,100 units

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0
3 years ago
Your coin collection contains fifty-four 1941 silver dollars. Your grandparents purchased them for their face value when they we
s344n2d4d5 [400]

Answer:

The correct answer is 3.

Explanation:

Giving the following information:

Your coin collection contains fifty-four 1941 silver dollars. These coins have appreciated at a 10 percent annual rate.

To calculate the future value, we need to use the following formula:

FV= PV*(1+i)^n

i= 0.10

PV= 54

n= 2060 - 1942= 119

FV= 54*1.10^119= 4,551,172.47

6 0
4 years ago
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