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Lee Ray bought 100 shares of a mutual fund with a NAV of $10.10. This fund also has a load charge of 7%. a. What
Lee Ray bought 100 shares of a mutual fund with a NAV of $10.10. This fund also has a load charge of 7%. a. What is the offer price? (Round your intermediate and final answer to the nearest cent.) Answer is complete and correct. Offer price $ 10.81 b. What did Lee pay for his investment? (Round your intermediate and final answer to the nearest cent.) Answer is complete but not entirely correct. Investment to be $ 1,080.70 X paid
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