Question
CH17.1.a Amount of Shares Purchased. Jada invested $8,530 in a mutual fund at a time when the price per share was $10. The fund has
CH17.1.a Amount of Shares Purchased. Jada invested $8,530 in a mutual fund at a time when the price per share was $10. The fund has a load fee of $50. How many shares did she purchase?
CH17.3.a. Estimating Returns. From CH17.1.a, Jada later sells her shares in the mutual fund for $12 per share. What would her return be in a load fund return case?
CH17.1.b Amount of Shares Purchased. From CH17.1.a, if Jada had invested the same amount of money in a no-load fund with the same price per share, how many shares could she have purchased?
CH17.3.b. Estimating Returns. From CH17.1.b, Jada later sells her shares in the mutual fund for $12 per share. What would her return be in a no-load fund return case?
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