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15. David Nash has $100,000 to invest in a mutual fund. a. How many shares can he purchase in a no-load mutual fund whose net

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15. David Nash has $100,000 to invest in a mutual fund. a. How many shares can he purchase in a no-load mutual fund whose net asset value (NAV) is $50 per share? b. How many shares can he purchase in a loaded mutual fund whose NAV is $50 per share and that has a front-loaded sales charge of 5 percent

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