Fidelity Investments is selling a real estate income mutual fund for $10.94 per share. The fund charges a load of 2.5%. What is the offer price?

The offer price is $ 11.21.

Explanation:

Given that Fidelity Investments is selling a real estate income mutual fund for $ 10.94 per share, and the fund charges a load of 2.5%, the following calculation must be performed to determine what is the offer price:

10.94 x 1.025 = X

11.2135 = X

Therefore, the offer price is $ 11.21.

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.