1. The offer price of an open ended fund is $18 and the fund is sold with a front end load of 5%. what is the funds nav?
18.74
17.10
15.40
16.57
2. A bond issued by the state of Alabama is priced to yield 6.25% if you are in the 28% tax bracket, this bond would provide you with an equivalent taxable yield of....
4.5
7.25
8.68
none