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  3. 2. an open-end fund has a net asset value of $12 p

2. An open-end fund has a net asset value of $12 per share. It is...

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2. An open-end fund has a net asset value of $12 per share. It is sold with a front-end load (fee) of 5%. (Take a look at Slides 7, 20, and 22 Fund C) a. For a no-load fund, the fund share price = b. What fraction of the dollar goes towards the purchase of shares given the front-end load? c. What is the shares offering price? (It may help to think about how much you have to pay so that the offering price will have the same purchasing power as the NAV of $12.)

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