n NISM Certifications
X NISM Series X
Medium

If the NAV is Rs 80 and the exit load is 1%, what is the redemption price?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs 78.60

  2. Rs 79.20

    Correct answer

  3. C

    Rs 80.80

  4. D

    Rs 80

Why this is the answer

Redemption price = Rs 80 - (1% of Rs 80) = Rs 79.20.

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