Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Get expert answers to your questions quickly and accurately from our dedicated community of professionals. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

A mutual fund is quoted at $16.56 NAV and $18.00 POP. The sales charge is A) 8.50% B) 7.75% C) 7.50% D) 8%

Sagot :

Parrain

Based on the Mutual fund's NAV and the POP, the sales charge can be found to be D. 8%.

How is a Mutual fund's sales charge calculated?

You can find the sales charge through the formula:

= (POP - NAV) / POP x 100%

Solving gives:

= (18 - 16.56) / 18 x 100%

= 1.44 / 18 x 100%

= 8%

Find out more on Mutual fund charges at https://brainly.com/question/22525531.

#SPJ1

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.