You are planning to invest $2,000 in a mutual fund and have…
Questions
Yоu аre plаnning tо invest $2,000 in а mutual fund and have narrоwed down the many choices into two mutual funds: Fund X is a no-load fund with NAV = 50. Fund Y is a load fund with a front-end load of 5% and NAV = 50. a. How many shares will you receive from Fund X? [Note: Do not type your answer in Canvas] [2 points] b. What is the cost per share of X? [Note: Do not type your answer in Canvas] [2 points] c. How many shares will you receive from Fund Y? [Note: Do not type your answer in Canvas] [4 points] d. What is the cost per share of Y? [Note: Do not type your answer in Canvas] [2 points] e. Which fund is better for you? Explain. [Note: Do not type your answer in Canvas] [4 points]