4 The Franklin Venture funds NAV is 3680share It charges a f

4) The Franklin Venture fund’s NAV is $36.80/share. It charges a front-end load of $1.64/share. At what percent would the fund announce its front-end load?

Solution

Front End Load Percent = Front End Load / ( NAV + Front End Load)

Front End Load Percent = $1.64 / ( $36.80 + $1.64)

Front End Load Percent = $1.64 / $38.44

Front End Load Percent = 4.27%