Multiple Choice
The Druid Fund has a NAV of $9.00 and an offer price of $9.45.We know,then,that
A) Druid is a load fund.
B) Druid is about to be issued to the public as a no-load fund with a $0.45 offer cost.
C) shares can be purchased only through a stockbroker.
D) there is a $0.45 premium paid to investors to buy the shares.
Correct Answer:
Verified
Correct Answer:
Verified
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