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kkurt [141]
3 years ago
6

Fidelity Investments is selling a real estate income mutual fund for $10.94 per share. The fund charges a load of 2.5%. What is

the offer price?
Mathematics
1 answer:
Contact [7]3 years ago
4 0

Answer:

Step-by-step explanation:

The fidelity investment mutual funds is $10.92 per share.

The fund charges 2.5%.

So, if 2.5% is charged,

Then, 2.5% of the share is

2.5% of $10.92 = 2.5 / 100 × $10.92

2.5% of $10.92 = $0.273

Then, total offer price is 0.273 + 10.92

Therefore, total offer is $11.193

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