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  3. 1. what is the purchase price of a mutual fund wit

1. What is the purchase price of a mutual fund with a net asset value...

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Finance

1. What is the purchase price of a mutual fund with a net asset value of $14 per share that charges a 4% sales charge?

a) $ 14.00 b) $14.58 c) $14.04 d ) $13.44

2. If a fund has a 5% sales charge and an offering price of $60 per unit is, what is it NAVPU?

a) $56.85 b) $65.20 c ) $ 63 d ) $ 57

3. A trailer fee is a fee:

a. paid to the fund salesperson

b.on a back-end load fund

c.when switching between fund families

d) on a front-end load fund

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