Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you own shares of a mutual fund with a current nav

You own shares of a mutual fund with a current NAV of $87.25. You decide...

60.1K

Verified Solution

Question

Finance

You own shares of a mutual fund with a current NAV of $87.25. You decide to sell your shares. The mutual fund has an expense ratio of 1.4%, a front-end load fee of 0.5%, a back end load fee of 1.2%, and a redemption fee of 0.3%.

After accounting for fees, how much will you be paid (how much money will you actually receive) when you sell each share of this fund?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Last year over 10 000 students took an entrance exam at a certain state university...

Basic Math
Q

A voltaic cell consists of a Pb/Pb2+ half-cell and a Cu/Cu2+ half-cell at 25 ∘C. The...

Chemistry
Q

11 A in a moving vertical plane At a certain when instant the link is...

Physics
Q

Use technology to maximize the following You may round answers to 2 decimal places if...

Basic Math
Q

of the matrix Find the characteristic polynomial using either a cofactor expansion or the special...

Algebra
Q

43 the 2 24 3 Write an equation for the shifted absolute value function graphed...

Algebra
Q

sidering the mequality is described by O shaded below a dashed line O shaded below...

Algebra
Q

The scatter-graph method Oa. only uses two data points. Ob. allows a cost...

Accounting
Q

Jaxson Corporation tiene los siguientes datos relacionados con los costos de mano de obra directa...

Accounting
Q

What is the potential impact of difference I areas such as depreciation methods on reporting...

Accounting
Q

Caratini Company sells custom-made windows to Bryant Inc. for a new office building. The sale...

Accounting
Q

1 Which of these formalizes an agreement between two partles to exchange a standard quantity...

Finance