This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A mutual fund has an offer price of 9.42 per share and a net asset value of 9.04. What is the sales ... (Read 123 times)

iveyjurea

  • Hero Member
  • *****
  • Posts: 555
on: Jun 24, 2018
A mutual fund has an offer price of 9.42 per share and a net asset value of 9.04. What is the sales charge percent? (Round to nearest tenth)
 A) 4.2
  B) 5.1
  C) 3.9
  D) 8.4

Question 2

Neil Roddrick purchased 5,000 in U.S. Treasury bills with a discount rate of 6 for a period of 13 weeks. How much interest did Neil earn on the T-bill investment? How much was the purchase price of Neil's T-bills? What was the effective interest rate of Neil's T-bill investment? (Round to the nearest hundredth of a percent)


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

l.stuut

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

75; 4,925; 6.09


iveyjurea

  • Member
  • Posts: 555
Reply 2 on: Jun 24, 2018
Excellent

shailee

  • Member
  • Posts: 392
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Diverse living organisms share common chemical features Diverse living organisms share common chemical features
Parents who grew up in dual-earner families are more apt to share household tasks equally than those ... Parents who grew up in dual-earner families are more apt to share household tasks equally than those ...
People who share genes will often have similar body weights People who share genes will often have similar body weights
Price of Computers, 1982–2010 Price of Computers, 1982–2010
How many carboxylic acids and esters share the molecular formula C2H4O2? How many carboxylic acids and esters share the molecular formula C2H4O2?
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Electrical Conduction System of the Heart

For a complete list of videos, visit our video library