Author Question: A mutual fund has an offer price of 7.42 per share and a net asset value of 7.02. What is the sales ... (Read 89 times)

Wadzanai

  • Hero Member
  • *****
  • Posts: 528
A mutual fund has an offer price of 7.42 per share and a net asset value of 7.02. What is the sales charge percent? (Round to the nearest tenth)
 A) 2.8
  B) 4.1
  C) 92.8
  D) 5.7

Question 2

Lars was charged 10.5 interest and paid 475 interest on a simple interest loan for 30 days from his local bank. How much did he borrow? Use exact interest. (Round to the nearest cent)



Sammyo

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

D

Answer to Question 2

55,039.68



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

For a complete list of videos, visit our video library