Anne Lily purchased 260 shares of the New Sage Growth Fund. The net asset value for each share at the time of purchase was $19. If this fund charges a 4.5 percent load, what is the commission amount she will pay the investment company?

A.

$19.00

B.

$222.30

C.

$500.00

D.

$1170.00

E.

No commission is charged

I do not know why the answer is D