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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 76 times)

Wadzanai

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on: Jun 24, 2018
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

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Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

55,039.68


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