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1. Amount of Shares Purchased. Hope invested $9,000 in a mutual fund when the price per share was $30. The fund has a load fee

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1. Amount of Shares Purchased. Hope invested $9,000 in a mutual fund when the price per share was $30. The fund has a load fee of $300. How many shares did she purchase? 2. Amount of Shares Purchased. If Hope (from prob- lem 1) had invested the same amount of money in a no-load fund with the same price per share, how many shares could she have purchased? 4. Estimating Returns. Hope (from problem 1) later sells her shares in the mutual fund for $37 per share. What would her return be in problems 1 and 2? WA

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