1.) The KLM Mutual Fund has a net asset value of $12.34 and an offer price of $1
ID: 1187106 • Letter: 1
Question
1.) The KLM Mutual Fund has a net asset value of $12.34 and an offer price of $13.34. Use this information to answer the following questions. (Show all work.)
2.) Eric works for a company with a defined contribution benefit pension plan. He will retire in ten years (at age 65) and expects his salary to be $100,000 in his last year of work. Social security should pay him $1,325 per month at that time.
I'd greatly appreciate the feedback from you all on these questions. I could really use the help on completing these questions and finding the correct answers. I love learning off of what you all have to say!!!! :D
Explanation / Answer
No of shares = amount invested / offer price = 1000/13.34= 74.96 shares.
The immediate Asset Value of these shares = no of chares purchased*assest value= 74.96*12.34= $925.03
Load charge for this Transsaction = Value invested - Net Assests Value = $1000- $925.03= $74.97
2) Second part of the question is not totally clear . please give more details.
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