« previous next »

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 106 times)

Wadzanai

  • Hero Member
  • *****
  • Posts: 528
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

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 24, 2018
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
« previous next »
 

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

How to calculate the future value of a mutual fund How to calculate the future value of a mutual fund
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ... One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ...
Mutual Protection Mutual Protection
Video: Acid-base imbalances - metabolic acidosis and alkalosis

For a complete list of videos, visit our video library