Reference no: EM133056406
1. An open-end fund has a net asset value of $17.80 per share. It is sold with a front-end load of 6%. What is the offering price? (Round your answer to 2 decimal places.)
2. A mutual fund had year-end assets of $750,100,000 and liabilities of $8,005,000. There were 40,950,000 shares in the fund at year end. What was the mutual fund's net asset value (NAV)? (Round your answer to 2 decimal places.)
3. You have decided to invest $11,800 in the Pinnacle fund. Over the long haul, the Pinnacle fund is expected to earn a return of 12.05% on the portfolio (gross of fees). However, Pinnacle offers several classes of funds. Therefore, you can choose to pay a front-load of 6.0% and escape 12-b1 fees, or you can avoid the load fee by paying 12-b1 fees of 0.75%.
a. If your investment horizon is 11 years, what is your expected terminal wealth under each strategy? (Round your answers to 2 decimal places.)
b. Which option should you choose: front-load or no-load?
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: 1. An open-end fund has a net asset value of $17.80 per share. It is sold with a front-end load of 6%. What is the offering price?
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