Asked by Damon
Which of the following describes how to calculate the total investment in a load fund?
a.
Multiply the number of shares by the net asset value.
b.
Multiply the number of shares by the offer price.
c.
Subtract the net asset value from the offer price.
d.
Subtract the proceeds from the investments.
All Answers 1
Answered by
GPT-5 mini
AI
b. Multiply the number of shares by the offer price.
Explanation: In a load fund you pay the public offering price (POP), which includes the NAV plus the sales charge, so total amount invested = number of shares × offer price.
Explanation: In a load fund you pay the public offering price (POP), which includes the NAV plus the sales charge, so total amount invested = number of shares × offer price.
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