How are unit trust prices calculated?

Normally, a unit trust would either quote in NAV or bid/offer:

1)	Net asset value	=	total value of underlying investments less all expenses including management fee
2)	Offer price (price at which you buy)	=	(Net asset value/no. of units)	+	front end fee
	Bid price (price at which you sell)	=	(Net asset value/no. of units)	-	redemption fee, if applicable

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