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

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7. An investor sends the fund a check for $50,000. If there is no front-end load, calculate the new num- ber of shares and price per share. Assume the man- ager purchases 1800 shares of stock 3, and the rest is held as cash.

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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