6. If you own a front-end load mutual fund with a 5% charge and you withdraw $10,000...

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6. If you own a front-end load mutual fund with a 5%

charge and you withdraw $10,000 of your investment, how much will be subtracted from your withdrawal to pay commission fees? (LO 12-4)

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Personal Finance Building Your Future

ISBN: 9780077861728

2nd Edition

Authors: Robert Walker, Kristy Walker

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Question Posted: Jul 26, 2024 05:00 AM

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5. If your fund has a back-end load charge of 5% and you invest $1,000, how much of this money will be invested in the mutual fund? (LO 12-4)
7. If you own a back-end load mutual fund with a 5% charge and you withdraw $10,000 of your investment, how much will be subtracted from your withdrawal to pay commission fees? (LO 12-4)
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6. If you own a front-end load mutual fund with a 5% charge and you withdraw $10,000...

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Personal Finance Building Your Future

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