Author Question: The Druid Fund has a NAV of 9.00 and an offer price of 9.45. We know, then, that A) Druid is ... (Read 55 times)

jhjkgdfhk · **on:** Jul 11, 2018

The Druid Fund has a NAV of 9.00 and an offer price of 9.45. We know, then, that

A)

Druid is a load fund.
B)

Druid is about to be issued to the public as a no-load fund with a 0.45 offer cost.
C)

shares can be purchased only through a stockbroker.
D)

there is a 0.45 premium paid to investors to buy the shares.

Question 2

A firm that grows too rapidly risks requiring too LITTLE financial leverage.

Indicate whether the statement is true or false