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Atlantic Fund Company is offering a new mutual fund to investors. The new fund's net asset value per unit is $12 plus a 3.5% up-front

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Atlantic Fund Company is offering a new mutual fund to investors. The new fund's net asset value per unit is $12 plus a 3.5% up-front sales charge. What is the offering price (ie. all-in cost per unit) for Atlantic Fund Company's new mutual fund? a) $11.58 b) $12.42 OC) $12.44 d) none of the above

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