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At the end of the trading day, a mutual fund has a NAVPS of $ 1 8 . 5 6 5 . An investor places

At the end of the trading day, a mutual fund has a NAVPS of $18.565. An investor places an order to purchase 1,000 units of the fund. There is a 5% front-end load. Calculate the offering price.
a) $17.637
b) $18.565
c) $19.493
d) $19.542
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