Question
Lee Ray bought 250 shares of a mutual fund with a NAV of $13.85. This fund also has a load charge of 7%. a. What
Lee Ray bought 250 shares of a mutual fund with a NAV of $13.85. 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.)
Offer price $
b. What did Lee pay for his investment? (Round your intermediate and final answer to the nearest cent.)
Investment to be paid $
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The Engineers Cost Handbook Tools For Managing Project Costs
Authors: Richard E. Westney
1st Edition
0824797965, 978-0824797966
