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14. Norm Hunter invested $5,000.00 in the Alpha Telecom Mutual Fund. The net asset value is $7.72. The loading rate is 2.6% front-loaded. (a)

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14. Norm Hunter invested $5,000.00 in the Alpha Telecom Mutual Fund. The net asset value is $7.72. The loading rate is 2.6% front-loaded. (a) What is the loading charge? (b) How many shares did Norm purchase?

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