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1)Jake is looking to invest $15,000 in XYZ mutual fund, how many mutual fund shares could he purchase if the Net Asset Value (NAV) of
1)Jake is looking to invest $15,000 in XYZ mutual fund, how many mutual fund shares could he purchase if the Net Asset Value (NAV) of the fund was $43, and the fund had a front-end load of 3%?
a)328 shares
b)323 shares
c)349 shares
d)338 shares
e)330 shares
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