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Question
The Hirt & Block mutual fund has assets of $147 million, liabilities of $7 million and 7 million shares outstanding. The shares trade at $21.60 per share. What is the percentage load fee?A.2.85%
B.6.00%
C.7.41%
D.8.00%
Answer
This answer is hidden. It contains 123 characters.
Related questions
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The two types of investments that provide the highest and lowest yields in the Ibbotson study of Stocks, Bonds, Bills and Inflation are:
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B.large company stocks and long-term government bonds.
C.small company stocks and U.S. treasury bills.
D.small company stocks and preferred stock.
E.U.S. treasury bills and small company stocks.
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The difference between the cash market and the futures market is:
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Q:
The Securities Investor Protection Corporation (SIPC) was established to:
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Q:
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From the investment banker's point of view, the major reason syndicates are formed in the distribution of large issues is for the purpose of:
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Q:
A means of exchanging assets, which may or may not include a specified location, and in which the seller may or may not own the assets being sold, is called:
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The impact of interest rate changes on bond prices can be magnified by:
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