A mutual fund charges 6% front-end load and 3% operating and
12b-1 expenses. At the beginning...
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Finance
A mutual fund charges 6% front-end load and 3% operating and12b-1 expenses. At the beginning of the year, the fund has $200million assets under management and 10 million shares outstanding.During the year the value of assets held by the fund increases by10% and the fund receives dividends of $2 million. What is thefund's NAV at the end of the year? (The number of mutual fundshares outstanding is still 10 million at the end of the year.)
$20.06
$21.54
$20
$21.34
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