Here's an example of how breakpoint discounts in sales commissions for mutual fund investors work....
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Here's an example of how breakpoint discounts in sales commissions for mutual fund investors work.
Here's an example of how breakpoint discounts on sales commissions for mutual fund investors work: Sales charge Lessthan$25,000,6%$25,000to$49,999,5.75%$50,000to99,999,5%$100,000to$249,999,4% Nancy Dolan is interested in the T Rowe Price Mid Cap Fund. Assume the NAV is 19.18. a. What minimum amount of shares must Nancy purchase to have a sales charge of 5.75% ? (Round up to the nearest share even if it is less than 5.) b. What minimum amount of shares must Nancy purchase to have a sales charge of 5% ? (Round up to the nearest share even if it is less than 5.) c. What minimum amount of shares must Nancy purchase to have a sales charge of 4% ? (Round up to the nearest share even if it is less than 5.) d. What would be the total purchase price for (a), (b), or (c)? (Round your answers to the nearest cent.)
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