Evaluate Fund Fees And NAV
Securities Industry Essentials SIE · Flashcards
SECURITIES INDUSTRY ESSENTIALS SIE · FLASHCARDS
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QUESTION
What is the formula to compute sales charge percent of POP given NAV and POP?
QUESTION
Which packaged product price is used for mutual fund orders entered after the
4
:
00
4{:}00
4
:
00
p.m. ET cutoff?
QUESTION
Calculate the sales charge if
POP
=
$
50
\text{POP} = \$50
POP
=
$50
and
NAV
=
$
47.50
\text{NAV} = \$47.50
NAV
=
$47.50
.
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ANSWER
$2.50. The sales charge is the difference between POP and NAV, representing the front-end load amount.
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