Fidelity Investments is selling a real estate income mutual fund for $10.94 per share. The fund charges a load of 2.5%. What is

Question

2 years ago

6

the offer price?

1 answer:

Contact [7] · Answer 1 · 2022-05-24T07:05:14+03:00

Answer:

Step-by-step explanation:

The fidelity investment mutual funds is $10.92 per share.

The fund charges 2.5%.

So, if 2.5% is charged,

Then, 2.5% of the share is

2.5% of $10.92 = 2.5 / 100 × $10.92

2.5% of $10.92 = $0.273

Then, total offer price is 0.273 + 10.92

Therefore, total offer is $11.193