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If a mutual fund charges a front-end load of 3%, how much must the investor pay per unit if the NAVPS is $10.00? A. $9.70

If a mutual fund charges a front-end load of 3%, how much must the investor pay per unit if the NAVPS is $10.00?

$9.70

$10.00

$10.16

$10.31

$13.00

I do not know why the answer is D

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