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As Bart Brownlee approached retirement, he decided the time had come to invest some of his nest egg in a conservative fund. He chose the

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As Bart Brownlee approached retirement, he decided the time had come to invest some of his nest egg in a conservative fund. He chose the Franklin Utitities Fund. If he invests $25,000 and the fund charges a load of 3.75 percent when shares are purchased, what is the amount of commission (load) Bart must pay? (Round your answer to 2 decimal places.)

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