Question
Eunice has $36,000 that she would like to invest in a mutual fund with an NAV of $27.37 per share. The prospectus of Mutual Fund
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Eunice has $36,000 that she would like to invest in a mutual fund with an NAV of $27.37 per share. The prospectus of Mutual Fund ABC indicates a front-load fee of 4.2%. How many shares of Mutual Fund ABC can Eunice buy?
| A. | 1,315 | |
| B. | 1,262 | |
| C. | 1,260 | |
| D. | 1,265 |
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Fundamentals Of Corporate Finance
Authors: Berk, Peter DeMarzo, Jarrad Harford
3rd Global Edition
1292018402, 9781292018409
