What is the load charge-in dollars for this transaction

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Reference no: EM131622851

The ABC Class A share mutual fund has a NAV (net asset value) of $35.64 and an offer/purchase price of $37.81. Use this information to answer the following questions. You must show all work for full credit.

a. How many shares will you receive when you invest $10,000?

b. What is the percentage load?

c. What is the load charge, in dollars, for this transaction?

d. The fund in the above example is a front-end load fund. If it were a no-load fund, what three criteria must be met for a mutual fund to be considered a no-load fund?

Reference no: EM131622851

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