Evaluate Fund Fees And NAV
Securities Industry Essentials SIE · Flashcards · Application
SECURITIES INDUSTRY ESSENTIALS SIE · FLASHCARDS
Card 1
of 4
0 got it
0 to review
Current
Got it
Still learning
Not seen
QUESTION
Calculate POP if
NAV
=
$
20
\text{NAV} = \$20
NAV
=
$20
and the front-end sales charge is
5
%
5\%
5%
.
QUESTION
Calculate NAV if assets are
$
10,000,000
\$10{,}000{,}000
$10
,
000
,
000
, liabilities are
$
200,000
\$200{,}000
$200
,
000
, and shares are
490,000
490{,}000
490
,
000
.
QUESTION
Calculate the sales charge if
POP
=
$
50
\text{POP} = \$50
POP
=
$50
and
NAV
=
$
47.50
\text{NAV} = \$47.50
NAV
=
$47.50
.
Tap to flip before you grade
ANSWER
$2.50. The sales charge is the difference between POP and NAV, representing the front-end load amount.
Swipe → got it · swipe ← still learning
Got it
Still learning
Flip Card
Previous card
Next card