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A mutual fund has a 5% front-end load and a NAV of $25 per share. What is the initial sales fee charged on a $3,000

A mutual fund has a 5% front-end load and a NAV of $25 per share. What is the initial sales fee charged on a $3,000 investment?

Using the information from the prior problem, how many shares can be purchased with that initial $3,000 deposit?

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