twofacedwildcard twofacedwildcard

03-05-2024
Mathematics

Answered

Gil Hennesey invested $8,000 in the Adrian Utility Mutual Fund
(Type A)which has a net asset value of
$19.50.
The fund is front-loaded, with a loading rate of 4.50%.

a) What is the loading charge?

b) How many
shares did Gil
buy?

Answer :

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