An investor sends the fund a check for $50,000. If there is no front-end load, calculate the

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An investor sends the fund a check for $50,000. If there is no front-end load, calculate the new number of shares and price per share. Assume the manager purchases 1,800 shares of stock 3, and the rest is held as cash.

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Financial Markets And Institutions

ISBN: 978-0132136839

7th Edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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Question Posted: Nov 12, 2012 01:14 AM

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An investor sends the fund a check for $50,000. If there is no front-end load, calculate the

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With the 50000 the value of the fund is now 952380 50000 ...View the full answer

Financial Markets And Institutions

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