Mutual fund has a 2% front load fee. How much will it cost to purchase 250 shares of an open ended funds with a NAV of $20/share?
i get 5102.04
trick divide by (1-0.02) not multiply by 1.02
Exactly.
Mutual fund has a 2% front load fee. How much will it cost to purchase 250 shares of an open ended funds with a NAV of $20/share?
i get 5102.04
trick divide by (1-0.02) not multiply by 1.02
Exactly.