Question

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 the offer price? Multiple Choice $10.94 $10.67 $11.21 $11.48

Answer 1

If Fidelity Investments is selling a real estate income mutual fund for $10.94 per share. The offer price is: $11.21.

Offer price

Using this formula

Offer price=Real Estate income+(Percentafe charges× Real estate income)

Let plug in the formula

Offer price=$10.94+($10.94×0.025)

Offer price=$10.94+0.2735

Offer price=$11.21

Therefore the offer price is: $11.21.

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