1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
grigory [225]
3 years ago
9

Lee Ray bought 250 shares of a mutual fund with a NAV of $13.85. This fund also has a load charge of 7%.

Business
1 answer:
kolezko [41]3 years ago
3 0

Answer: a. $14.9

b. $3725

Explanation:

a. What is the offer price?

This will be calculated as:

= NAV / (1 - load charge %)

= 13.85 / (1 - 7%)

= 13.85 / (1 - 0.07)

= 13.85 / (0.93)

= $14.9

B. What did Lee pay for his investment?

This will be:

= Number of shares bought × Offer price

= 250 × $14.9

= $3725

You might be interested in
Keith is a trainer for a new computer software company and is responsible for teaching people the skills required to use the var
BaLLatris [955]

Answer:

To demonstrate  the usage of company products and train employees.

Explanation:

The main purpose of the presentations that Keith is providing to the employees of the software company is to impart complete knowledge of the products to the employees. It is of utmost importance that each employee has complete understanding of the products and services provided by the company and know how to use them.

If any employee fails to understand the usage of the product, he will automatically fail to bring progress to the company as a whole.

7 0
3 years ago
What year began the worst economic recession since the great depression?.
Kamila [148]
2007 to the year of 2009
4 0
2 years ago
Mark tells Leslie that his stereo has quadraphonic speakers because he was told that when he bought it. Leslie buys the stereo,
Gemiola [76]

Answer:

Yes, because the statement was false.

Explanation:

Breach of warranty is defined as a misrepresentation of the quality or type of a product. The seller fails to fulfil a promise or claim made during a transaction.

When a good is being sold there are certain assertions which the seller must stand behind.

In this scenario Mark tells Leslie that his stereo has quadraphonic speakers because he was told that when he bought it.

The fact that the stereo did not have quadrophinic speakers should have been discovered and stated by Mark. The misinformation he got when buying the stereo does not clear him of breach of warranty

6 0
3 years ago
What happens to the price of a good or service when a shortage of that good or service occurs?
Pachacha [2.7K]

Answer:

If shortage of goods and services occurs, obviously, the price will touch the sky, i. e. the price will increase twice or thrice the Real price...

8 0
2 years ago
What is demand? In your own word
pav-90 [236]

Answer:

Explanation:

Demand in business is the desire of consumers to purchase goods and services at the given prices.

5 0
3 years ago
Read 2 more answers
Other questions:
  • The plowback ratio is: equal to net income divided by the change in total equity. the percentage of net income available to the
    9·1 answer
  • True or false?) possible returns on any investment can be described by a probability distribution which specifies the probabilit
    8·2 answers
  • Xavier and Yolanda have original investments of $45,200 and $109,400, respectively, in a partnership. The articles of partnershi
    9·1 answer
  • Atlas Inc. manufactures television sets. Last month, direct materials (electronic components, etc.) costing $550,000 were put in
    9·1 answer
  • 5.The real risk-free rate of interest is 2%. Inflation is expected to be 3.5% the next 2 years and 6% during the next 3 years af
    10·1 answer
  • The price elasticity of demand for lightbulbs is likely to be unit elastic because
    8·1 answer
  • In general, a larger R squared tends to suggest that:_______.
    6·1 answer
  • Tyreek pitches four investors. They agree to each invest $25,000 and value Tyreek's company at 200,000. How much of the company
    10·2 answers
  • Mullineaux Corporation has a target capital structure of 70 percent common stock and 30 percent debt. Its cost of equity is 16 p
    6·1 answer
  • When price increases, quantity supplied
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!