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PilotLPTM [1.2K]
3 years ago
13

An open-end fund has a net asset value of $11.40 per share. It is sold with a front-end load of 7%. What is the offering price?

(Round your answer to 2 decimal places.)
Business
1 answer:
mash [69]3 years ago
4 0

Answer:

$12.26

Explanation:

Calculation for the offering price

Using this formula

Offering Price = Net asset value/1-load

Let plug in the formula

Offering Price= $11.40/1-0.07

Offering Price=$11.40/0.93

Offering Price = $12.26

Therefore the Offering Price will be $12.26

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Silver Enterprises has acquired All Gold Mining in a merger transaction. The following balance sheets represent the premerger bo
Keith_Richards [23]

Answer:

See below

Explanation:

Silver Enterprises

Post Manager Balance sheet

Current assets

$11,480

Other assets

$3,120

Goodwill

$6,790

Net fixed assets

$21,890

Current liabilities

$6,940

Longterm debt

$17,130

Equity

$18,650

Current assets = $9,200 + $2,280 = $11,480

Other assets = $2,300 + $820 = $3,120

Current liabilities = $4,960 + $1,980 = $6,940

Net fixed assets = $16,500 + $5,390 = $21,890

Long term debt = $4,390 + $12,740 = $17,130

Equity = $18,650

8 0
3 years ago
What did arthur st. clair try to do through a series of treaties with native americans?
DaniilM [7]
George Washington sent General Arthur St. Clair to stop the fighting and restore order, but he and his forces were defeated by Miami Chief Little Turtle. I hope my answer has come to your help. God bless and have a nice day ahead! Feel free to ask more questions.
7 0
4 years ago
Hi there !<br>What is a Stake in Business ?​<br>Nonsense = Reported <br>Thank you
zvonat [6]

Answer:

A stake in a business is partial ownership or a position in which you stand to gain when the company performs well.

5 0
2 years ago
Towson Corp., was organized on January 2, 2018. During the first year of operation, Towson issued 50,000 shares of $9 par value
Naya [18.7K]

Paid in Capital Common Stock in Excess to par = (35-9)*50,000=1,300,000

Paid in Capital Common Stock in Excess to par is the difference between the par value of the share and the market value or fair value it was sold at, in this case the par value per share was 9 and market value was 35 , there fore we multiplied their difference by 50,000 to get the total difference.

Explanation:

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3 years ago
Free or minimal cost items offered by companies in order to entice customers to buy their product are called?
erma4kov [3.2K]

Answer:

Price packs

Explanation:

  • a type of sales promotion where customers are given a discount off the product's regular price; the discount is typically marked, or "flagged," prominently on the label or package; also known as a "cents-off" deal.
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To learn more about it, refer

to brainly.com/question/25689052

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6 0
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