twofacedwildcard
twofacedwildcard twofacedwildcard
  • 09-05-2024
  • Mathematics
Answered

Bayza Grycza invested $30,000 in the Hansen Ryder Mutual Fund (Type A).

The net asset value is $16.80 per
share.

The fund is front-loaded with a loading rate of 3.5%.

a) What is the loading charge?

b) How many shares
did Bayne buy?



Answer :

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