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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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