1. The
ABC Class A share mutual fund has a NAV (net asset value) of $35.64 and an
offer/purchase price of $37.81. Use this information to answer the following
questions. You must show all work for full credit. (30 points total)
a. How many shares will you receive when you invest $10,000? (5
points)
b. What is the percentage load? (5 points)
c. What is the load charge, in dollars, for this transaction? (5 points)
d. The fund in the above example is a front-end load fund. If it were a no-load
fund, what three criteria must be met for a mutual fund to be considered a
no-load fund? (15 points)
2.Discuss the main characteristics of defined
contribution plans and defined benefit plans. How do these differ from a cash
balance plan, and does the employee or employer bear the risk of poor
investment performance inside each of these types of plans? (40 pts total)
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